Archive for June 5th, 2009
How much do you be aware: Mortgage Bond Finance continued
Friday, June 5th, 2009Interest rates
Once the bond is approved, offered and accepted by the applicant (who now becomes the mortgagor), the question arises as to when interest payments to the building society should be made. Interest on building society bonds is normally paid monthly in arrears but the first instalment in the case of existing properties can vary [...]
The value of Collateral Security in Mortgage Bond Finance
Friday, June 5th, 2009In cases where the loan advance is to a woman, the husband is normally required to act as a guarantor and an unmarried woman will probably still require a male guarantor. But, again, this very much depends on prevailing circumstances and a professional woman or one who has a substantial income can usually get a [...]
