"Affordable Home Advice" - Helping You In Buying Home
>> Sunday, October 26, 2008
Recent financial condition is under stress yet, and investor concern about the credit quality of mortgage. At the other hand home owners and people willing to buy home are worried about the interest rates.
This insecure situation needs to learn about low cost housing options, and mortgage terms. Today's site offer you advice and tips regarding this critical topic.
Affordable Home Advice offers a unique reference point on extensive advice on low cost housing options. Discussing the housing schemes and initiatives to help you cope with high house prices and get on the property ladder without breaking the bank.
Few sections of the site:
- Affording a mortgage offers 13 articles covering the topic.
- Co-ownership
- Finding homes
- Home buy schemes
- Right to buy schemes
In total there are about 70 articles and you can get the more articles by subscribig to their monthly newsletter.
The features and articles on the site are written by professional journalists and experts. You can estimate the quality of article by reading a paragraph taken from an article:
Buying a Home with 100% Mortgage
What is a 100% Mortgage?
A one hundred per cent mortgage is – as we have mentioned already – a mortgage which covers one hundred per cent of the cost of the home you wish to buy. This means in essence that there is no deposit to find in order for you to buy the home you are looking at and also means that if you have an adverse credit history you may still be eligible for a mortgage.
How to Apply for a 100% Mortgage?
Given the nature of the United Kingdom’s economy at the present time and the effects of the so-called ‘Credit Crunch’ on borrowing it is now more difficult than ever to get a one hundred per cent mortgage.
This is not to say that you cannot but you will have to look around for one. Your best course of action if you feel you cannot raise a deposit for a mortgage is to consult with a financial advisor who will put together what is known as a ‘package’. This ‘package’ is basically your application – be it on your own or as part of a joint application – which contains all the information that might be required by a mortgage lender.
Read more at: Affordable home advice
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