Interest only mortgages are immensely popular due to numerous reasons. You get a flexible repayment option and you can easily repay the borrowed amount in easy installments over a extended period of time that can range anywhere between 5 to 30 years at the most.  Though named as interest only mortgages, you’d have to pay the principal too! Such loans are popular with businessmen when they start a venture and then easily repay the amount from the revenues that emanate from their business.  The interest only mortgage rate are lower as a result of which home loans have become quite...

First time homebuyers are naturally excited and optimistic about the future – and once they’ve decided to buy, they want to get moving quickly. But this is a time for caution. So if you’re thinking of upgrading from tenant to homeowner, take these important first steps. First, of course, is to get a credit score from all 3 credit bureaus and see where you stand. If your scores are not quite up to par, this is the time to make corrections and get your credit report in good shape prior to meeting with a lender or looking for a home. The next step is even more important for your future...