the mortgage works, Mortgage Deals news.
-
Related Links
-
Categories
the mortgage works on sale
Mortgages For Dummies, 3rd Edition
Book (John Wiley & Sons)
List Price:
Price: $4.99
You Save: $12.00 (71%)
How Do Mortgages, Loans, and Credit Work? (Economics in Action)
Book (Crabtree Publishing Company)
List Price:
Price: $5.41
You Save: $3.54 (40%)
the mortgage works news
Massachusetts Home Seizures Threatened in Loan Case: Mortgages
Feb. 21 (Bloomberg) -- The highest court in Massachusetts is poised to rule as soon as this month on a foreclosure case that could lead to a surge in claims from home owners seeking to overturn seizures.
The justices are deciding whether to uphold a lower court ruling that gave a Boston home back to Henrietta Eaton after Sam Levine, a 25-year-old Harvard Law School student, argued in front of the nation’s oldest appellate court that the loan servicer made mistakes when it foreclosed because it didn’t hold the note proving she was obliged to pay the mortgage.
Source: BusinessWeek
Clydesdale joins high LTV buy-to-let market
Six mortgage lenders are now offering buy-to-let mortgages with loan-to-value ratios of up to 80 per cent, data from Mortgage Flow has shown.
Between December 2008 and May 2010 the highest offered buy-to-let LTV was 75 per cent.
On 9 May 2010 The Mortgage Works introduced a limited range of 80 per cent LTV products.
Source: FT Adviser
Advice needs to get more sophisticated
Last year mortgage pay rates dropped in the middle of the year, with the interest rates that borrowers could get on a new mortgage starting around the 2% or 3% mark, less than many SVRs.
So for some clients there was a benefit in changing rates, especially if they were looking to fix. These low rates tempted a new pool of people to consider remortgaging.
Source: Mortgage Strategy