Author Reference resources: new home loans, home loan application, repair loan, home loan modification, homes equity, load rates, lic home loan www.himloan.infoQ. Common types of mortgages have?
Mortgage increasingly diverse, but in the era of low interest rates, grasp the choice of appropriate mortgage products, is the way of saving money. Such as mortgage rates, based in addition to put the interest rate at the store to set interest rates or appear to securities interest rates as the basic commodities again mortgage rates, consumers at this time to save, might as well with the loan interest spread Angle, to measure what loan interest rate is most suitable for yourself. General common types of mortgages, nothing more than for general type, accelerating the mortgage and housing for double week mortgage payment, mortgage, and two foetuses financial type mortgage, and so on.
Q. How to evaluate yourself for that kind of mortgage type? Standards?
The type of housing choice, according to their own needs, you want to borrow how many, how much interest, pay how long, suitable for different types of mortgages. The common people mostly belong to solid model also, general amortize mortgage principal and interest on time, can satisfy the demand; Another speed up mortgage payment type, suitable for income is not fixed person, can require Banks to pay the amount in originally fixed months outside, select the quota set proportion or accelerated repayment, so can instantly reduce principal, is about to pay interest also decrease; And double weeks each year fixed speed up mortgage payment type 2 weeks the principal amortize, it can save a lot of interest yo; Two foetuses mortgage is the capital turnover the most convenient a type, suitable for temporary have capital demand of consumers; Financial mortgage can be more flexible scheduling type fund use, liquidity and finance more flexibility. In addition, exponential mortgage, fixed mortgage, reply type type mortgages, interest rates have different algorithm and the principal of different interest also of its interest, all is worth consumer research carefully.
Q. Mortgage need the surety shall apply for? The guarantor for risk?
Generally speaking, most Banks accept consumer applications for mortgages, all need 1-2 a guarantor, ensure that the borrower has the ability to repay. The risk depends on the borrower's ability to repay, once the borrower could not pay, the bank can be directly to the guarantor demanded debts, and even the name seizure of real estate, so the guarantor has certain risk, they should be.
Q. What is financing type mortgage?
With housing for collateral, will be split into two parts loans, one part is already some fixed mortgage payment, another part for circulation use type (circulation overdraw the forehead is spent), provide the borrower a sum of money, can follow through with also, have involved can plan breath, need not when also need not paying any interest expense. Because financial type has a housing mortgage guarantee, interest rates than other small consumer loans between 10% to 20% in interest rates between low out many, is the use of consumer loans, will be real estate in another way to can flows of money, not only suitable for the average personal loans, to have the capital turnover demand business owners or investment guest, it is extremely convenient finance tools.
Q. Preferential loans have? How to deal with?
The government introduced preferential mortgage 200 billion line, such as the loan and youth optimal loan scheme, can match with other preferential mortgages out please. The so-called credit is refers to the labor loan, according to its labor insurance seniority full two years, can draw, its quota for 2.2 million limit. Another government preferential loans, it is to point to buy the house for the first time, and to the preferential, its quota for 2 million limit.
Q. What is two foetuses mortgage?
Refers to the house again and mortgage to take another bank mortgage borrow money, but because the second sequence of mortgage bank claims to pay off in a bank can row first, after the bank for high risk, so than average mortgage rates high a lot, and loans, down, usually only ten percent of the loan amount to about twenty percent. Two foetuses mortgage because there is a substantial building for a mortgage, although is the second sequence, but compared with credit still has the advantage, can borrow to lower interest rates and higher limit, so can fulfill housing value, let assets into can flow, increase flexibility.
Q. I don't have a job, can apply for secondary mortgage?
In principle the house to do second mortgages, no job applicant can add and mainly is to look at your house is now in the market price of a tire Banks commitment shall deduct the amount if there's still salvage value, and had better have a job, and good credit.
