Mortgage loans can be classified into two major categories. The loans offered to owner-occupants and the more expensive and tougher ones for real estate investors. Usually owner-occupant financing for real estate with one to four units is readily available provided that you use one of the units as your residence. In other words, your status as an owner-occupant allows you to buy more than just a house or condo. You can actually buy property that produces rent and increases your tax deductions.
Posts Tagged ‘First Time Buyers’
Mortgage To Consider For First-Time Home Buyers
May 3rd, 2011Posted in Mortgage Refinance
Tags: Depreciation Eligibility Purposes First Time Buyers First Time Home First Time Home Buyers First Time Home Buyers Mortgage Income Taxes Investment Real Estate Loan Costs Loan Qualification Mortgage Loans Owner Occupant Owner Occupants Qualification Standards Real Estate Investors Rents Tax Deductions Tax Purposes Three Quarters Time Home Buyers
Interest Only Mortgages FSA Makes Move To Protect Homeowners
April 9th, 2011Interest Only Mortgages FSA Makes Move To Protect Homeowners
Abbey recently stated that over 25% of homeowners decide to take out an interest-only mortgage. It’s not hard to see why the monthly payments are significantly less, just look at this example based on a 25 year 125,000 mortgage at 5%. The interest only mortgage will cost 525 per month – but the repayment mortgage is 735 per month an additional 210 a month that’s a lot of money!
Posted in Refinance Rates
Tags: Abbey Borrowers Financial Services Authority First Time Buyers Fsa Individual Savings Account Intention Interest Only Mortgage Interest Only Mortgages Isa Lenders Mortgage Term Pep Personal Equity Plan Personal Pension Plan Ppp Proof Repayment Mortgage Short Time Shortfall