Second Mortgage Loan
If you already bought a house using mortgage loan facility and planning to buy a second house for investment or other purpose, you need to apply for second mortgage loan unless if you want to buy it for cash. I’m strongly suggesting not buying any property cash because you may find difficulties in taxations, insurance, [...]
Insurance for your mortgage is a must
Not so sure if your provider gives you an option of choose to have home loan insurance for your mortgage or not. For me, insurance for mortgage is a must! Whether it is for your new house purchase or mortgage refinancing, loan insurance is a must. It is to protect our child and family if [...]
Mortage Loan on Daily Rate vs Monthly Rate
What is it the difference between daily rate and monthly rate?
Daily rate means that the interest is calculated on daily basis on the outstanding balance. Monthly rate means that the interested is calculated on monthly basis. It is always easier to calculator rate to get it done for us. But, there is huge difference if [...]
Everything about Refinance Your Mortgage Loan
What is refinancing a mortgages means?
Refinancing mortgage means you transfer the loan facility that you are currently paying for your home or house from one bank to another bank or provider because you can save more money and time to finish up the home loan.
Each term the banks introduces new terms and services that can [...]
Mortgage Loan Penalty Period
Working as a mortgage officer, we deal mainly on mortgage loans. Some already have 1 mortgage loan in our bank and looking for 2nd mortgages loan with us. I don’t know why they are not looking for other financial institutions to try. But, this is good for business since I’m getting commissions from every successful [...]
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