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Dr. Drew Henry's Articles in Mortgages

  • How To Manage Your Mortgage Payment
    Normally, banks and financial consultant will advice you to pay extra money into your mortgage. With this method, it will help you cut down the huge interest amount and reduce the period over which you pay back the loan.

    For example, if you borrow $200 000 over 30 years at a rate of 5%, your monthly repayments would be around $1074. Over 30 years, you would actually pay $1074 x 360 (months), which is $386 640. That's $186 640 in interest! What you have to do is to find an...
  • Is Home Mortgage Good?
    Basically, a mortgage refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller. If you are in a need of large amount of money to buy a house, a home mortgage is a good alternative for you.

    In most cases, the house is the usual collateral for the mortgage, thus the term "home mortgage". In turn, the mortgage lender will be entitled to some legal rights upon the property as long as the mortgage is in full force or until th...
  • Mortgage Lender
    It is unavoidable some people are getting deeper into debt. When everything goes badly, they view mortgage lender as an angel who can help to recover from financial difficulty. This is one of alternatives that many people are seeking for and this is a way for them to minimize and consolidate their expenses.

    What is a definition of Mortgage? Basically, a mortgage is a legal record or document designed to protect the mortgage lender against delay of payment or the debtor's r...
  • Home Mortgage
    A home mortgage is worth consideration. It refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller.

    In common, the house is the usual collateral for the mortgage, thus the term "home mortgage". In turn, the mortgage lender will be entitled to some legal rights upon the property as long as the mortgage is in full force or until the debtor pays back the loan. A home mortgage serves as security for loans, thus giving the ...

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