Archive for the ‘Home loans’ Category

Pop a cap in your home loan

To “pop a cap” is a common and mostly American piece of street parlance meaning to shoot someone or something. Now I’m not here to propagate the shooting of mortgage brokers or the riddling of bullet holes in your home loan agreement (as much of a thrill as it may be). What I am he... ->

UK Home Loan Approval Rates Up

At the end of 2009, home loan approval rates had hit an 18-month high, giving some indication that the recession may be coming to an end and the credit crunch is easing. According to data from the British Bankers Association, over 42,000 home loans are being approved each month. This is good news a... ->

Should consumers look at other options?

Consumers may have themselves to blame for missing out on $6.1 billion in annual savings from the Big Four banks. Switching home loans and other borrowings to cheaper providers can save customers big bucks but general laziness gets in the way, according to Infochoice. The financial comparison firm i... ->

Personal loans not included in rate cuts

Personal loans have experienced interest rate rises, while home loans were falling, according to data from Infochoice. During August last year and October this year, mortgage interest rates fell by more than 4 per cent, but rates for personal loans actually rose during the same period. Infochoice fi... ->

Variable or fixed home loan rates – you might have more options

ANZ economists predict the official cash rate will move from the current rate of 3 per cent to 3.75 per cent by September 2010. Westpac believe the cash rate to move in the March quarter and reach 4 per cent by the end of next year, with Commonwealth predicting rates will remain on hold until the fi... ->

Are you Ready for a Home Loan?

Owning a home is really one of the ultimate dreams of a lot of people. No one will deny the fact that such greatly reflects the fruits of hard work through the years. However, owning a home is not that easy. Financially, the implications are not very simple. A significant amount of money must be ava... ->

Home Loan Modification Program Begins to Help

According to a New York Times article, the Obama administration’s Home Affordable Modification Program (HAMP) is on the road to achieving its goal of modifying 500,000 home loans by November. What Is HAMP? HAMP is a program designed by the Obama administration to incentivize home loan mod... ->

VA Home Loan Basics For Realtors

Are you asking your buyers if they’re veterans of the U.S. Armed Forces? There are 25 million veterans in the U.S. today, 2 million of which are women. While more than two-thirds of them are over 40, a substantial number could benefit from the Veteran’s Administration (VA) Home Loan Prog... ->