Archive for October, 2009

ECB rates on hold, experts view bank loan policy

Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank’s exceptional loan support measures, analysts say.


Couple Charged With Torturing Loan Agents

A California couple facing foreclosure on their home kidnapped, beat and tortured two loan modification agents they had hired to help them, prosecutors say.


Explore all the options of reverse mortgage

What is a reverse mortgage? It is a tax-free loan available only to homeowners age 62 and older. The homeowner essentially borrows from the equity in the home and receives money in a lump sum, regular payments, a line of credit or a combination of these methods.


Consider these factors before refinancing your home

Dear Liz: When does it make sense to refinance a home?


Nationwide woos first-time buyers with 90% loan-to-value mortgage

Borrowing option that had all but disappeared from the market is back – but it comes with a current account attached First-time buyers who have struggled over the past two years to find a lender willing to sell them a mortgage have been offered a lifeline by Nationwide building society . The society has launched a range of mortgages that require only a 10% deposit, with fixed rates starting at 5 …


Should I add my credit card debt to my mortgage?

Q I have a seven-year fixed-rate mortgage with an interest rate of 4.99%, which is due to finish in October 2010. I also owe £6,000 on a two-year fixed-rate mortgage, which is due to finish on 31 December 2009. In addition, I have a credit card with an outstanding balance of £3,500 on which I now have to start paying interest.


Can I swap my euro mortgage for a UK-based loan?

Q We moved to the UK three years ago and bought a house in Yorkshire with a mortgage contracted in Belgium. Now that sterling has collapsed, paying in euros is no longer an attractive option. Is there a way to switch from our Belgian mortgage to a UK-based loan?


Mortgage defaults to increase

The number of mortgage defaults is set to rise, with the Reserve Bank almost certain to lift interest rates.


Mortgage Foreclosure Solutions Provider, Home Rescue, LLC Saves Client More Than $32,000 With Loan Modification Programs

With thousands of homes entering foreclosure daily, clients are seeking to modify home loan mortgages, reduce debt and ease financial stress.


Mortgage Foreclosure Solutions Provider, Home Rescue, LLC Saves Client More Than $32,000 With Loan Modification Programs

With thousands of homes entering foreclosure daily, clients are seeking to modify home loan mortgages, reduce debt and ease financial stress. One company, Home Rescue LLC is helping them do just that.