Mortgage Training Solutions

The long awaited path to recovery is finally in place and US’s economy finally clawed its way out of its deeest recession since the 1930s in the fourth quarter of 2009. But it only managed to expand by a much weaker-than-expected 0.1%. After an 18 month lull brought forth by recession, the housing market in the US is starting to recover as the number of mortgages outstanding rose and figures show that the number of people borrowing money from banks and building societies is booming like ever before. With the debates whether you agree on climate change or not are heating up. The government plans is still going forward to improve the energy efficiency of the homes with the ‘Pay as You Save’ scheme.

This scheme will encourage house owners to include more energy efficient procedures and fixtures in the home through providing long-term loans to householders keen to install additional insulation, solar panels, wind turbines and the like. The house owner is expected to pay back the eco-loan in installments that should amount to less than the savings made on energy bills. However, as per the new plan, the debt will be tied to the property rather than the borrower. This new form of mortgage is pending legislation and yet to be put in place in the US. Meanwhile, property market experts are of the opinion that this would have a direct effect on the lenders and mortgage brokers as an eco-mortgage on a property could reduce the amount traditional lenders are prepared to advance for a purchase.

Continue reading ‘Mortgaging Your Home in 2010: Good times Ahead!’ »

Enter the Bridging Finance Loan. A loan specifically designed to assist you at this stage of the purchase process as you climb your way up the property ladder.

A Bridging Finance Loan is a type of intermediate or temporary home loan which will generally enable the purchaser of a particular property to buy the property they desire without becoming entangled in the delays which are sometimes associated with the lengthy property sales procedure. This can offer you a massive advantage over other buyers who are interested in the same property as you are. Once you have found the property you require and do not want to run the risk of losing this ideal piece of real estate due to a few lengthy links in the sales chain, a Bridging Finance Loan will present itself as the most suitable option for you. Bridging Finance can also help you avoid the wastage and inconvenience of having to move into rented accommodation while your monetary affairs are sorted. You will be able to move straight into your new property once your loan has been secured so the whole process will be easier for you and less stressful as the back and forth of moving from rental to fixed accommodation will have been eliminated.

Why has no one told you about this before I hear you ask? Well, in earlier years, bridging lenders were thought to be the last option for purchasers who found themselves in the position of requiring additional capital in order to secure their dream home or that perfectly situated business property they have been after. We are living in changing times though and what was once thought of as a last resort has now become part of the accepted norm and an integral role player in the property sales process as we know it today. Bridging Finance is no longer a term which is to be treated skeptically due to uncertainty and lack of available information. This method of finance has truly taken its place in the market as an important arrow in the quiver of prospective property buyers not only in South Africa alone, but in the global property arena as well.

Continue reading ‘Bridging Finance Has a Bright Future Ahead!’ »