Archive for June, 2007
Monday, June 25th, 2007
For a festival of frugality one would expect to find numerous ways for people to save money. Saving money can actually become an obsessive art. If we are not careful we can spend all our time looking for ways to save the odd dollar and cent, and actually lose track ...
Posted in finance | No Comments »
Friday, June 15th, 2007
Paying off your mortgage can help save you $1000s of compound interest payments.
To pay off your mortgage early there are various things that we can do.
1. Be Determined
Make a determined effort to put money aside for paying off your mortgage early. It could be instead of paying into a savings ...
Posted in mortgages | 1 Comment »
Friday, June 8th, 2007
Low inflation has important implications for interest rates and hence mortgage payments. Low inflation enables the MPC to keep interest rates low. Despite recent rises in UK interest rates, long term interest rates are much lower than in the early 1990s when interest rates reached 15%. It is also the ...
Posted in economics | No Comments »
Friday, June 1st, 2007
Remortgaging is an opportunity to both save money and, if necessary, raise capital against the value of your house.
Remortgaging for Equity withdrawal.
If you bought a house with a £130,000 mortgage and the value increased from £150,000 to £210,000, the bank is likely to agree to lend a bigger mortgage.
Assuming your ...
Posted in remortgaging | No Comments »
