How default mortgage payments will affect you?
There are many reasons as to why a person can default on their monthly mortgage payments and some of them are really serious one. However, as a home owner who has taken a mortgage to buy a home, you should be aware of what can happen if you fail to make you mortgage payments on […]
Simple Interest mortgage
Simple Interest mortgage is one of the types of mortgage. It varies from a standard mortgage by its daily interest calculation, while a standard mortgage calculates interest every month. For instance, if we borrow money for about 6% per annum, in a Standard mortgage it is calculated as 0.5% (6/12 = 0.5 ) as interest […]