There are many different variations on mortgages and home loans out there for you to choose from, but two kinds which have some distinct differences are a regular mortgage and a line of credit (also known as a home equity loan). Just before I bought my first home a few years ago, I got a tip that a line of credit might be the right kind of loan for me. If you want to know if it’s right for you too, then read on. Continue Reading »

If you’re looking to get your first mortgage, or even to refinance, you’ll most likely have a meeting with a lender or mortgage broker – someone who’s an expert in mortgages and home loans. The problem is these experts sometimes forget that we’re not all experts, and they might bamboozle you with mortgage terminology or bank jargon that starts to make little sense. But it’s really important that you understand what they’re going on about – this is your money, and most probably it’s quite a lot of your money. Continue Reading »

I don’t know which is scarier: choosing your first house, or choosing your first mortgage. Of course, these are exciting times, but they are big decisions that have a significant impact on your future, so these choices should definitely not be made lightly. Continue Reading »

Australian Mortgage news recap for the week ending 13th May 2007.
(more…)

Possibly Related Posts:

• Line of credit versus regular mortgage: My experience
• Understanding your mortgage broker’s jargon
• Buying your first home, getting your first mortgage
• Do I want a home loan or a mortgage?
• Dont forget your Home Loan this Christmas

The term home loan refers to just that a loan for a home although the word mortgage could relate to a mortgage on a home or a commercial mortgage etc. although mostly interepreted as a reference to a home loan.

But where did the word Mortgage come from? (more…)

Possibly Related Posts:

• Line of credit versus regular mortgage: My experience
• Understanding your mortgage broker’s jargon
• Buying your first home, getting your first mortgage
• Mortgage News Recap
• Dont forget your Home Loan this Christmas

Christmas is definately my favorite time of year, as I think it is for many, with it being a great time for giving, spending time with family and friends, celebrating and relaxing.

It’s also a great time for retailers! You won’t go to far without being bombarded with sales, promotions, catalogues, specials and numerous attempts from retail stores to lure you into spending your hard earned money. (more…)

Possibly Related Posts:

• Line of credit versus regular mortgage: My experience
• Understanding your mortgage broker’s jargon
• Buying your first home, getting your first mortgage
• Mortgage News Recap
• Do I want a home loan or a mortgage?