While we may have always had dreams of a retirement that is worry-free and with a few luxuries thrown in, stark reality is that our pensions will likely give us only most basic living conditions, with none of luxuries we had hoped for.

Whether your retirement is thirty years away, ten years away or is already upon you, best guarantee of a happy future is to start building a second stream of income now.

For some this will mean creating their own business and marketing some product or service in hope of making some big profits.

However, many of us don’t have skills or time to manage such an ambitious undertaking.

But we do have time to write.

If you have skills to write a letter or a simple company memo, then you have skills to make some money by writing.

For majority of us our house is single most important and expensive purchase we ever make! Because this is case we invest a lot of time and effort into finding perfect property in most ideal location, however few of us invest time and effort we should into researching and securing best possible finance method for purchasing our home.

This article will give you a few pointers to make search for most ideal and personally suitable mortgage that much simpler; and bear in mind that your search for best loans and repayment vehicles currently available can be carried out on internet, making whole process that much more convenient and time efficient for you.

Step One - Firstly you need to understand different types of mortgage that are available - they come in many flavours! By taking time to understand way different types of loan work, you can see which type suits you and your personal circumstances best – after all it most certainly isn’t a case of one mortgage type suiting all people!

At their most simple level most mortgages fall into one of following categories. Different lenders will have their own variations on theme, but if you understand basics of following loan categories you will be armed with sufficient data to move on to step two.

Fixed Rate Mortgages – a borrower pays a fixed interest rate for a fixed period of time and usually longer fixed period higher fixed rate. This type of mortgage protects borrower from interest rate fluctuations and payment uncertainties but it does mean that when loan term begins borrower is usually paying above best interest rates available. In US and most other countries apart from UK you can have a fixed rate for duration of your mortgage. In UK it is usual to only fix for a maximum of 10 years.

Adjustable or Variable Rate – rate of interest payable by a borrower can vary. Lenders usually keep their interest rate fluctuations in line with Bank of England’s base rate in UK and rate set by Federal Reserve Board in US. Certain lenders offer discounted variable rates for home loans for a fixed period to attract borrowers. The attraction of this type of mortgage is that initial rates are usually far lower than offered under terms of a fixed rate mortgage…however over a period of time interest rates can rise considerably and make borrowing far more expensive. Furthermore fluctuations make it difficult for a borrower to know how much he will be paying from one month or one year to next.