What is loan to value ratio?

Most probably when shopping around for a mortgage you have run into the term loan to value ratio (LTV). Maybe you have neglected it, but keep in mind that it is an important factor when applying for a mortgage. Because of the importance this ratio has, you must be able

Seven ways to save money on your mortgage

There are couple of ways you could save money on your mortgage.

Each and every financially responsible human is keeping track of its monthly expenses. Recording your monthly expenses can have two objectives. The first one is to serve the effort to better understand the monthly budget, and second, to offer the possibility for identification of possible non-value adding expenses which could

What are the different types of loan collateral?

What are the different types of loan collateral

Before start shopping for a loan, you need to get acquainted with the bank related terms along with the characteristics of the loan. For that reason, although you should gather information regarding the different types of loan, you should also have information in relation to the lenders terms on some

Is the best loan really the best for you?

Applying for the best loan could provide benefits in the long run.

The process of gathering information regarding your search for a loan can be a time-consuming task. This is especially true if afterword’s you realize that you have been gathering the wrong information. Not only it could be a time-consuming task, but it could also result in choosing inappropriate lender, which

How much should your monthly payment be?

Make sure that you have the right monthly payment not less nor more.

When it comes to taking up a loan, sometimes people do not understand the obligation that comes with the loan. Meaning that they are in the euphoria of being able to purchase something (home appliance, car or buy a house) and do not pay attention to crucial loan related issues.

Variable interest rate loan or fixed interest rate loan

You should decide wather you want variable interest rate loan or fixed interest rate loan

When shopping for loan, we want to find the cheapest loan with the best terms for us. Maybe the most important price we pay on our debt is the interest rate. Meaning that interest rate represents the price you pay on the amount you borrow. As such, it is a

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