jack-rice
Gość
|
 Wysłany: Sob 21:25, 20 Maj 2006 Temat postu: about mortages.. |
|
|
A [link widoczny dla zalogowanych] is basically a [link widoczny dla zalogowanych] specific to the real estate [link widoczny dla zalogowanych]. Typically, it covers 70-90% of the purchase price of a house or other property, with the penalty for non-payment being [link widoczny dla zalogowanych], or reversion of the property to the lender. They are available from most banks, [link widoczny dla zalogowanych] unions, portfolio lenders and some government [link widoczny dla zalogowanych].
Mortgage [link widoczny dla zalogowanych] usually employ a 30-year repayment (or amortization) schedule. Payments are a changing combination of interest and principal, so that in the early years a payment mostly consists of interest on the outstanding principal [link widoczny dla zalogowanych], but in later years the mix becomes much more heavily weighted toward paying the principal itself. There also is private [link widoczny dla zalogowanych] insurance to consider, which is required if less than 20% is put down on the [link widoczny dla zalogowanych]. It has gotten easier to actually get rid of this extra [link widoczny dla zalogowanych] as soon as possible.
Learning the administrative and legal [link widoczny dla zalogowanych] of the loan process is essential for anyone considering a loan. A borrower should know what contracts and documents he or she will [link widoczny dla zalogowanych], and how to negotiate through the paperwork. Also, it is important to be aware of what fees may be assessed and how to minimize or eliminate them wherever possible.
more about [link widoczny dla zalogowanych]
|
|
