Jan
30
Yes, you can obtain a mortgage loan even with a poor credit score Buying your home is probably the most expensive purchase you will ever make and for this all you need is a mortgage loan to get started. However, with the current economic meltdown and the slump in the property market, it has become …
Nov
21
Government’s New Mortgage Scheme for First Time Buyers At a time when you may be considering a remortgage for your home The government in the UK has decided to step in to boost the housing market by helping first-time buyers get access to the property market and mortgages with a range of schemes that represent …
Nov
16
Home Loans for Landlords or Buy to Let Mortgages Strange as it may seem this is a great time to buy to let. Rents are at ridiculous heights 600 a month (900 $) for a room in somebody else’s house. The Council of Mortgage Lenders statistics show that both volume and value of buy-to-let loans …
Sep
05
Time to Refinance Your Home Loan? U.S. home loan rates have fallen to their lowest levels in 50 years, which has led to a lot of people considering remortgaging or refinancing their loans. Officials at Freddie Mac reported that the average thirty year fixed rate averaged 4.15%, the lowest it’s been in over 50 years. …
Aug
16
Are Mortgage Rates Heading Lower? Is it time to consider mortgage refinancing of your home loan? Mortgage applications soared 21.7% in the week ending August 5, says the Mortgage Bankers Association Market Composite Index. This was used in large part to a 30.4% jump in the group’s refinancing index. “In a few years, these (low) …
Jul
02
Is a Reverse Mortgage a Good Idea? Wells Fargo and Bank of America are pulling out of reverse mortgages. The two banks account for more than 40% of all this type of home loan. The news has left some elderly borrowers, who rely on reverse mortgages to fund their retirement concerned. Both banks say that …