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Joseph Kenny's Articles in REAL ESTATE

  • Second Mortgages Or A Further Advance
    If you are a homeowner and in need of some extra cash, one possibility you could consider is taking out a second mortgage. If the present value of your house exceeds the amount you paid for it (your mortgage total), then you have equity that can be used to borrow more money. This is basically a loan that is secured on your house – and is sometimes termed a further advance.

    Finding Another Lender?

    You can approach your existing lender for a second mortgage, or shop aroun...
  • First Time Buyers - Working Your Way Up The Property Ladder
    You’ve moved in, you’re paying your mortgage; you’re ready to finally breathe out…Congratulations! You are now a homeowner, and should be enjoying the change. Now you’re firmly on the property ladder, you can start to make the most of your new status.

    With sound judgement and a little luck, the next move you make will be up the way. While the economy is stable and house prices continue to rise, your property will be gaining value year on year. The difference between what y...
  • First Time Buyers Beware
    Although it’s a big undertaking, buying your own home is one of the wisest moves you can make. Rather than pouring money away on rent, you will effectively be investing in your property with every mortgage payment.

    You will also become a ‘homeowner’, which should please your bank manager no end. You may find offers of loans and credit suddenly become a lot more frequent, and when you’ve just moved into a new home it can seem tempting to borrow money to kit the place out. B...

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