One important thing that almost nobody will tell you about buying a home (at least your first one) is to plan for supplemental tax bills down the road. Typically, if you want to borrow against your house, you do it when you are agreeing your new mortgage by simply taking a bigger mortgage then you need, and pocketing the difference between what you currently owe, and your new mortgage size. One other difference in the UK is that HELOC-style instruments are rare. Then, after 2 years, they will come to remortgage and discover that, because house-prices have risen, they are now at a lower LTV, so will get offered a lower rate - e.g. They will fix for 2 years with a relatively high rate (maybe 4%). What commonly happens is that someone buying a new home will stretch to buy the most expensive home they can, at a 90/95% LTV. I don't know why we do it this way, but one interesting side-effect I will note is that the initial mortgage rate is primarily controlled by your LTV (Loan-to-value). A "typical" mortgage in the UK will be a 2-year fixed or tracker rate (at, say, 1.8%) that will revert to the banks SVR (Standard Variable Rate) which will currently be about 4.8%.ĥ and 7 year fixed periods aren't uncommon, 10-year is available but uncommon, and 25 years or lifetime is extremely unusual. Waste even more time: /r/InternetIsUseless /r/AndroidIsBeautiful Was your post removed from here? Found a cool site that's not particularly unique or beautiful? Head on over to /r/InternetIsInteresting. If this subreddit for whatever reason fails to provide the interactivity you need, we also highly recommend a look at /r/interactivewebsites for a less diluted dosage of interactivity. If you exhibit a similar addictive lust for information as you do for internet, we highly recommend you go give /r/dataisbeautiful a sub too. Something different? Try /r/InternetIsUgly. Beauty is in the eye of the beholder, but we have beheld a lot! This subreddit is highly curated and the moderators frequently must use their discretion and judgement as a team when enforcing our rules.Personal attacks, bigotry, fighting words and otherwise shitty behavior will be removed and may result in a ban. We enforce a standard of common decency and civility here.Includes Facebook, Google+, or otherwise.Įxtensions, software, or other content which requires a download to use. Websites that require a login or email address. Sites that pose a potential security risk. Online stores, paid services, or sites which serve only to sell a specific product. Sites that serve a political agenda or otherwise induce drama Static images, gifs, animations that serve the same purpose of gifs or collections of either. Something not unique (includes generators, blogs, tumblrs, etc.) Something everyone on the internet already knows about (e.g., Netflix, Khan Academy, etc.) What NOT to post (detailed explanations can be found here): The benefit of this loan is not being required to put any money down and avoiding PMI.Minimal or beautifully designed websites.Īwesome websites that offer a unique service. VA loan - 30-year fixed-rate for qualifying veterans and active military.Also, a great option if you want to put down a smaller down payment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |