Tag Archives: mortgages
Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power
Posted on 29. Aug, 2010 by admin.
Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power
Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the [...]
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Refused Credit Mortgages Set To “grow And Grow”
Posted on 27. Aug, 2010 by admin.
Refused Credit Mortgages Set To “grow And Grow”
Refused credit mortgages set to “grow and grow”
14/08/2006 16:25:00
The sub-prime and near-prime mortgage market is tipped to grow and grow following new research.
A survey commissioned by Alliance & Leicester indicates greater demand for refused credit mortgages could be forthcoming, with four in five brokers expecting the market to [...]
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Forclosures Have Met Their Match? Reverse Mortgages
Posted on 17. Aug, 2010 by admin.
Forclosures Have Met Their Match? Reverse Mortgages
Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing and banking industry [...]
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Myths, Pros and Cons of Hecm Reverse Mortgages
Posted on 03. Aug, 2010 by admin.
Myths, Pros and Cons of Hecm Reverse Mortgages
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted in unfavorable feelings towards [...]
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Understanding Jumbo Mortgages
Posted on 16. Jul, 2010 by admin.
Understanding Jumbo Mortgages
A jumbo mortgages is a home loan that exceeds the limits set by Fannie
Mae and Freddie Mac.
How are jumbo loans different?
What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than 7,000 are usually deemed jumbo mortgages. This determination is made by comparing industry standards for average [...]
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