Various Type of Mortgage
Various Type of MortgageAuthor: txyaffiliateRepayment Mortgage The most straightforward form of mortgage repayment with capital and interest paid off monthly from day one. It works just like an ordinary personal loan except over a longer term. In the early years, you repay mostly interest, with a smaller proportion of the payment being made against the loan. Over time, however, this ratio changes with the proportion of capital repayment increasing and interest reducing until the loan is paid off. It is simple, straightforward and easy to understand. Unlike with other mortgages, there is no risk associated with investing in the stock market. You are guaranteed to have the loan repaid at the end of the term provided all payments are met. Unlike with other mortgages, repayment loans do not give you the opportunity to benefit from a rising stock market.
Also, when moving house, people usually take out a 25 year repayment mortgage each time to help keep monthly costs down. This extends the period for repaying the debt. Endowment Mortgage Your monthly repayments only cover the interest on the amount you have borrowed. You must also take out an endowment policy with a Life Assurance Company to which you make separate payments. In theory, at the end of the term of the loan the proceeds of the life assurance policy should be sufficient to clear the principal amount borrowed.
Pages: [1] 2 3
Mothers Can Now Receive a Free Education Through Obama's New Scholarship Program!Mothers Can Now Receive a Free Education Through Obama's New Scholarship Program!Author: Lindsy EmeryIn a move intended to strengthen the economic resilience of the American economy now and in the future, President Barack Obama announced a series of initiatives intended to get American mothers back in the classroom. One of the most significant components of the President's plan to help the mothers of America improve their educations was the creation of the "Moms Return to School" Government Grant Program, which is not only available to mothers who attend classes in a conventional college campus environment, but also for those who choose to attend accredited online institutions, allowing stay-at-home moms the opportunity to pursue higher education as well. |
Why lithium batteries into a "time bomb"Why lithium batteries into a "time bomb"Author: annyhaiyanAt 3:00 on August 24, 26-year-old French supermarket security Jassoud li Buadi are using their own 3 months ago to buy the iPhone send text messages, "Suddenly, the screen exploded!" Buadi eyes were a piece of broken glass scratch, he angrily made to Apple's claims. Buadi an iPhone is not the only victims of the bombing. Earlier this month, southern France, a 18-year-old's iPhone "issued by squeak and burst," which juvenile eye injury; Paris suburb of a 80-year-old's iPhone mobile phone display a burst Why lithium batteries into a "time bomb" At 3:00 on August 24, 26-year-old French supermarket security Jassoud li Buadi are using their own 3 months ago to buy the iPhone send text messages, "Suddenly, the screen exploded!" Buadi eyes were a piece of broken glass scratch, he angrily made to Apple's claims. |