Global Mortgage Loans & Purchases Shows Homeowners how Mortgages can be Energy Efficient

Atlanta, GA (ContentDesk via ContentDesk Direct) August 9, 2006 Due to spiraling energy costs of traditional fossil fuel resources, more and more people are exploring Alternative Energy Solutions to not only save money but also promote the conservation of our environment.
To that end, Global Mortgage Loans & Purchases (www.youronlineapproval.net) is offering a new product to its clients known as an Energy Efficient Mortgage.An Energy Efficient Mortgage means comfort AND savings.
When you are buying, selling, refinancing, or remodeling your home, you can increase your comfort and decrease your monthly expenses by using an Energy Efficient Mortgage (EEM). It is easy to use, federally recognized, and can be applied to most home financing. EEMs provide the borrower with special benefits when they either purchase a home that is energy efficient or install energy-saving components to their current home.Homeowners with lower utility bills have more money in their pocket each month.

They can afford to allocate a larger portion of their income to housing expenses. If you have more cash, why not buy a better, more comfortable home? Who benefits and how with an Energy Efficient Mortgage? - Buyers: Qualify for a larger loan on a better home! Get a more comfortable home NOW. Save money every month from Day One. Increase the potential resale value of your home. - Sellers: Sell your home more quickly.

Make your house affordable to more people. Attract attention in a competitive market.- Remodelers/Refinancers:
Get all the EEM benefits without moving.
Make improvements to your home that will actually SAVE you money.
Increase the potential resale value of your home.Energy Efficient Mortgages can be done on most homes. Availability is not limited by location, home price or utility company.

EEMs can be done on government (FHA and VA) conventional, Portfolio and Jumbo Loans. Your lender will help you choose which loan type is best for you. Get an EEM on: *Older homes qualifying for upgrades*New or old homes not requiring upgrades*New constructionFor more information about Energy Efficient Mortgages and how you can benefit, visit Global Mortgage Loans & Purchases website at www.youronlineapproval.net or call toll free 866-404-6936.Media Contact: Chris Henderson??????????????????? 678-526-6936www.youronlineapproval.net.


Endowment Mortgages & Endowment Shortfalls

Endowments and endowment mortgages have received a lot of bad press in recent years, amid concerns over falling policy values and accusations of endowment misselling. This article attempts to answer some of the questions and concerns you may have about the way endowments work, what's happening to them, and what you can do to ensure your mortgage is paid off at the end of the term if you have an endowment mortgage. What is an endowment mortgage?There are two basic types of mortgage. The first is a repayment mortgage, where you make one monthly payment to the lender which is part interest and part repayment of the original capital. Then there are interest-only mortgages, where your monthly payment to the lender is just the interest on the original loan and the mortgage debt remains unchanged.

You then make separate payments into an investment scheme (such as an endowment), with the idea being that at the end of the mortgage term this investment will have grown sufficiently...

Endowment Mortgages & Endowment Shortfalls
Mortgages > Endowment Mortgages & Endowment Shortfalls

Reverse Mortgages, Getting a Good Deal In 3 Easy Steps!

Reverse Mortgages, Most Common Features:A reverse mortgage is a special type of loan that seniors can sometimes get to convert the equity in their homes to cash.Many reverse mortgages offer special appeal to older adults because the loan advances, which are not taxable, generally do not affect Social Security or Medicare benefits.Originally designed for retirees interested in keeping their homes but whose incomes aren't sufficient to support them, reverse mortgages have typically been used to help people on low fixed incomes make ends meet, make needed home repairs or pay for large medical bills that otherwise would be unaffordable.Depending on the plan, reverse mortgages generally allow homeowners to retain title to their homes until they permanently move, sell their home, die, or reach the end of a pre-selected loan term. Generally, a move is considered permanent when the homeowner has not lived in the home for 12 consecutive months. So, for example, a person could live in a nursing...

Reverse Mortgages, Getting a Good Deal In 3 Easy Steps!
Mortgages > Reverse Mortgages, Getting a Good Deal In 3 Easy Steps!

What is a Flexible Mortgage?

'Flexible mortgage' is a term that's used a lot, but what exactly does it mean? A flexible mortgage allows the borrower to make extra repayments when they have the extra money and even reduce or skip payments should the need arise. A flexible mortgage allows you to make extra payments to reduce the amount outstanding on your mortgage thereby reducing the interest you're paying or pay off your mortgage earlier than planned. Imagine being able to save money in mortgage interest, or borrowing enough money pay off your credit cards or personal loans, or buy a new car at a low rate of interest. That's exactly what flexible mortgages enable you to do. Flexible mortgages allow you to save money by cutting the length of your mortgage term.

You can also buy yourself more time when money is tight by reducing your monthly repayments or increase you mortgage if you need to borrow money. 'Flexible mortgages', also known as 'Australian mortgages' are fast becoming the most popular way of taking...

What is a Flexible Mortgage?
Mortgages > What is a Flexible Mortgage?