Question by The ADvisor: With the poor economy and financial market crisis, is now a good time to refinance the mortgage on my house? With the interest rates dropping I think I could really save some money every month on my mortgage if I refinance, but are banks hesitant to lend right now with the [...]
Question by batman253: Buying a house from a relative? I have an relative that wants to leave her house and move to a different city. She is willing to transfer the house to my name in order for us to avoid paying the cost it takes when you close on a house. She had the [...]
Question by sunshinecee: how can i take advantage of the low mortgage rates ?Bought ahouse last year and have a fixed rate? I bought my house last year and ahve a fixed rate but now want to take advantage of the low rates prevailing today.My credit is not that good and refinancing could be a [...]
I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case. My friend is gonna let his house to another, so that he can have some income. A question arises: They need to buy a home insurance in case [...]
For example, a house costs £200K. Person 1 gets a mortgage for £90K. Person 2 gets a mortgage for £110K. They pool together these two mortgages to pay the total £200K for the one house. Is this a viable option or do banks insist that only one mortgage can be valid on any one house? [...]