Archive for March, 2009
Citi cuts home loan rates
The bank, which had announced a similar cut in January, will see its mortgage prime rate fall to 13.75 per cent from April 1. In a statement, the bank said that the benefit will be available to all its existing customers on floating rate loans. A bank spokesperson said that, depending on loan tenure and amount as well as the customer’s relationship with the bank, he could get a loan at up to 50 …
Citi cuts home loan rates
The bank, which had announced a similar cut in January, will see its mortgage prime rate fall to 13.75 per cent from April 1.
State sets new mortgage rules
Lenders must document borrower’s ability to repay loan.
Loan program available for first time home buyers in New Mexico
First-time homebuyers can find new financial assistance from the state and federal government.
Federal Home Loan Bank of San Francisco Releases February 2009 Cost of Funds Index
SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced March 31, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for February 2009 is 2.003%.
Fitch Rates Citigroup Mortgage Loan Trust $304.5MM 2009-3
NEW YORK—-Fitch Ratings has assigned the following ratings and Outlooks to Citigroup Mortgage Loan Trust 2009-3:
Home Equity Loan Rate Search
Here’s a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted March 25, 2009.
Mortgage rates drop to lowest since the ’50s
A benchmark mortgage rate hit its lowest point in more than 50 years, and homeowners stampeded into loan offices to apply for refinances.
Mortgage loan payment calculator
Use this mortgage loan payment calculator to generate an amortization schedule for a current mortgage. Quickly see how much interest will be paid and the principal balances. This mortgage loan payment calculator also allows you to enter estimated insurance and property taxes.
Loan with savings a/c
Home loans are not all about low interest rates. The most important factor of a home loan is serviceability of the equated monthly instalment. Lenders too realise this.
