mortgage loan news
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VIDEO: Help to Buy boost for property ownership
London :: United Kingdom | 10 days ago
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first-time buyers on the property ladder 13 May 2013 Last updated at 06:34 ET The Chancellor announced that the Treasury would underwrite mortgages for people who can find a 5% deposit to help them get on the property ladder. But there are fears the
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How retirees can use jumbo reverse mortgages
Morristown :: TN :: USA | 10 days ago
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Diane Masucci, a Morristown, N.J.-based reverse-mortgage specialist, says she often sees boomers using payments from reverse mortgages to cover high property taxes or make improvements that would allow them to stay in their homes. One New Jersey
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Old and at home, but not so ALONE
Mumbai :: India | 10 days ago
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Depending on the size and facilities offered, the cost of a flat is between Rs 30 lakh (Rs 3 million) and Rs 1 crore (Rs 10 million). If you have the financial resources, this is the best option. "Senior citizens whose children are away could sell
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Ordinary Kiwis will bear brunt of RBNZ borrowing policy
California City :: CA :: USA | 10 days ago
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Ms Lockie said the banks might react by restricting borrowings above 80 per cent, or by increasing the cost of borrowing through higher interest rates or higher insurance premiums (low equity fees)...Ms Lockie said there are other options for people
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Home loans rise sign of low rates working
Brisbane :: Australia | 10 days ago
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The number of loan approvals climbed in March even though interest rates had not been cut since December last year. But Commonwealth Bank senior economist Michael Workman says the healthy increase during March is a sign that lower interest rates are
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OSFI probes longer-term uninsured mortgages, could act
Ottawa :: Canada | 10 days ago
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Canada's bank regulator is casting a wary eye on uninsured mortgages of more than 25 years as policy makers in Ottawa continue to fret about the housing market and high consumer-debt levels. It is not clear what, if any, actions the Office of the
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First house-buying just got a bit tougher
Wellington :: New Zealand | 10 days ago
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The past year has been cruel for new house-hunters, with house prices up 8.1 per cent in the year to March, and no respite in sight. And things might get even more difficult as the Reserve Bank starts to clamp down on loans to those with low deposits,
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Westpac delays passing on rate cut
Sydney :: Canada | 10 days ago
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Westpac home loan customers will not benefit from last week's interest rate cut for another week, as the bank takes longer than its peers to pass on the latest reduction in borrowing costs. While the big banks have all announced they will pass on the
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Borrowers keeping up mortgages
Los Angeles :: CA :: USA | 11 days ago
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Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages as if the housing crash never happened. First-time delinquent home loans fell to 0.84 percent of the 50.2 million mortgages in March, the first month
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'Home prices near affordable levels in over 30 yrs'
New Delhi :: India | 11 days ago
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However, factors like an even greater surge in the personal income levels, tax incentives and lower interest rates, have resulted into houses becoming more affordable to purchase, it said...The affordability ratio, which takes into account the annual
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