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    • interest mortgage FAQ

    Can i change from an interest only mortgage to a capital and interest mortgage?

    Oct 26, 2008 by brian.edwards1@btinternet.com | Posted in Personal Finance

    I am 6 years into an interest only mortgage and want to change to a capital and interest mortgage. How do i go about this andhow do i get the money i have already paid into my endowment policy?

    If you want to totally restructure the loan so that you're required to pay principal and interest you will have to refinance. They will give you new loan docs etc and there will probably be some fees associated with the refi. Otherwise, if you don't care

    Holly R | Oct 26, 2008

    I'm not sure about the endowment policy but I'm pretty sure you can renegotiate your loan with the bank (or whoever) to be capital and interest. Best chat to them about it.
    Benny82 | Oct 26, 2008

    Can I get tax deduction for property tax &interest mortgage that I pay on my second house when I file my tax?

    Sep 06, 2006 by snowcrab | Posted in United States

    I have two houses, I live in one and try to sell the other one. Can I get tax deduction on both houses for property tax and mortgage interest?

    YES you may deduct for up to 2 houses, like a main home or cottage.Or like a main home and the old one you just moved out of. But 2 properties max.

    You use the schedule A on a 1040.

    The only limit is that the combined property

    awaken_now | Sep 10, 2006

    no idea
    fliphead918 | Sep 06, 2006

    Paying the capital at the end of an interest mortgage?

    Jan 11, 2011 by Brian | Posted in Personal Finance

    With a a mortgage that you only pay the interest on. At the end of the period, must the Capital be paid up straight away?

    Yes, the capital is expected to be paid at the end of an interest-only mortgage.

    This can be by the way of cash, endowment policy or some other investment vehicle.

    Alternatively, you can "re-mortgage" with the same

    Roy < | Jan 11, 2011

    interest mortgage news

    GH Bank: Sluggish enrolment in zero-interest mortgage scheme

    18.05.12

    A zero-interest mortgage programme launched by the government late last year has attracted "lower than expected" interest from potential homebuyers, says the Government Housing Bank (GH Bank).

    Just 3.5 billion baht in loan applications have been submitted to the state-owned bank, of which 3 billion has been approved, according to president Worawit Chailimpamontri.


    Source: Bangkok Post

    Mortgage rates hit record low again

    18.05.12

    NEW YORK (CNNMoney) -- Buying a home just got even cheaper as interest rates on both 30-year and 15-year-fixed-rate mortgages set record lows for the third week in a row.

    The 30-year fixed mortgage, the most popular mortgage product, dipped by 0.04 percentage points to 3.79%, according to a weekly survey by Freddie Mac. Last year, 30-year loans averaged 4.64%. The new low can save borrowers $50 a month for every $100,000 borrowed. Over a 30-year term, that comes to $21,874.


    Source: CNNMoney

    interest mortgage about


    Need for rate rise 'reduced'
    Sydney Morning Herald - May 02, 2011 Need for rate rise 'reduced' Further ''out of cycle'' mortgage interest rate rises are being ruled out after the major banks managed to bridge the funding gap over higher-priced credit used to finance their home loans. The latest analysis of bank funding costs following

    Grab yourself a rate cut
    Sydney Morning Herald - May 02, 2011 And Fujitsu says two more rate rises would put us back at historic highs in terms of the proportion of our disposable income sucked up by mortgage interest: 11 per cent. Note that's interest, not repayment of principal. So it's money you'll never see

    What Are Mortgage Interest Rates Following These Days
    Daily News Pulse - Apr 29, 2011 What Are Mortgage Interest Rates Following These Days “Mortgage rates followed Treasury bond yields lower this week amid weak local economic data reports on business conditions and house prices,” said Freddie Chief Economist Frank Nothaft. Mortgage rates generally

    Adjustable rate mortgages are making a comeback
    NorthJersey.com - May 01, 2011 With the hybrid, the Powells' mortgage interest is set at 3.5 percent for five years — fixed rate 30-year mortgages are just under 5 percent — before they have to deal with any rate increase. Other popular hybrids offer seven or 10 years at the

    Mortgages: The ABCs Of Refinancing
    San Francisco Chronicle - Apr 27, 2011 Mortgages: The ABCs Of Refinancing Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many common reasons why homeowners refinance: the opportunity to obtain a lower interest rate; the chance to shorten the term of their mortgage;