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| FREE: TigerTom's Mortgage UK eBook |  |
- Find out how to get the best deal;
- Improve your credit-rating;
- Do's and don'ts of making an application;
- Simple to use;
- Easy to understand;
- Your loan AND mortgage UK covered;
- No special software needed;
- Windows 95/98/Me/XP;
- Free!
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 Free Tips eBook |  Free Mortgage Calculator
=> FREE: Use TigerTom's Loan and Mortgage UK Calculator. This shows you what your monthly payments will be, and allows you to adjust the amount, rate and time period, until you find what you can afford.
=> FREE: TigerTom's '50 Loan & Mortgage Tips' ebook. It's a simple list of tips to be aware of when getting a loan, including how to improve your credit rating.
Are you applying for a mortgage in the UK? Complete the simple form, and get both softwares free. There is no charge or obligation.
------- Taxes. Does your state or country charge 'property transfer taxes', 'mortgage taxes', 'mortgage recording fees' etc? These can add as much as 2% of the mortgage amount to your closing costs. -------- Get cheaper household insurance - Reduce your household expenses by shopping around for your buildings and contents insurance. It's convenient to buy from your lender, but search the market and you could save a packet. -------- Private Mortgage UK Insurance (PMI): By taking an 80 percent first mortgage and a 10 or 15 percent second mortgage, you can avoid paying private mortgage UK insurance. PMI is usually required if you have less than a 20% deposit i.e. your mortgage is 80% or more. If your original mortgage required PMI because you put less than 20% down on the property, and your new mortgage will be 80% or less than the appraised value, you can probably drop your PMI coverage. If you reach 20% equity in your home, you can save a lot of money by asking your lender to drop PMI. -------- Don't take out a Mortgage Indemnity Guarantee (MIG) - MIGs are now usually only charged on loans of 90% to value. A MIG is a one-off payment made to the lender that protects them if you fail to keep up your repayments and your home is repossessed. If you can avoid paying for one, do, it will save you money. --------- Locking your rate. Get a written statement which details the interest rate, the length of the rate lock, and the details about the program. ----------- Pay fortnightly instead of monthly. Many people get paid weekly or fortnightly, so have the mortgage UK payment come out of your account around the same time you get paid. You'll be less likely to miss the money. You will actually save money and pay your loan off sooner. Divide the monthly payment by two or four and pay that each week or fortnight. For example, on a £100,000 loan over 25 years at 7.5% and paying weekly or fortnightly you will save 5 years and £30,000(!) in interest. BUT, this only works if your outstanding mortgage is calculated week to week. Many lenders calculate your repayments as yearly totals, thereby increasing their profits. --------- Pay an extra £10 per week or £20 per fortnight on your mortgage UK. After all, what is £10 per week? But on your home loan it will save you thousands in interest. Using the same example of a £100,000 loan over 25 years at 7.50%, by paying an extra £10 per week you will save a huge £19,000 in interest and save 3.5 years. ----------- Put money into your mortgage loan instead of a savings account. Provided your loan has a withdrawal facility, then, instead of using a normal savings account paying negligible interest, put the money on your home loan. Then when you need it, just redraw it back from the loan. The benefit is that whilst that money is on your loan it is saving you interest, as loan interest is calculated daily on the outstanding balance. Beware that most lenders have a minimum redraw amount, and possibly a small redraw fee. However, provided you only put medium-to-long-term savings into the loan, and therefore only redraw infrequently, then you should do well. Make sure your loan, or at least part of it, is at a variable interest rate, as most lenders will not allow redraw whilst on a fixed interest rate. -------
| TigerTom's Loan and Mortgage Calculator UK |  |
- Easy to use;
- Handy size;
- Loans AND mortgage UK calculated;
- No installation required;
- Windows 95/98/Me/XP;
- Make your own amortization tables;
- Save and print your tables;
- Use Dollar, Pound or Euro symbols.
- Free!
Click HERE to get it.
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ONLINE Mortgage UK calculator
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