Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Wells Fargo, the largest U.S. home lender, is retreating from reverse mortgages in part because of “unpredictable home values,” the company said last week.
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MetLife Pushes Reverse Mortgages as Wells Fargo, Bank of America Retreat
Wells Fargo Home Mortgage announced today that it will discontinue origination of Home Equity Conversion Mortgages , commonly known as reverse mortgages.
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Wells Fargo Home Mortgage Discontinues Home Equity Conversion Mortgages
Mortgage rates changed little this week, with the 30-year fixed-rate mortgage inching up to 4.5% from last week’s 4.49% average, according to Freddie Mac’s weekly survey of conforming mortgage rates.
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Mortgages: 30-year fixed-rate mortgage inches to 4.5%
One-year adjustable-rate mortgages fall to 2.95% this week — their lowest level in the history of Freddie Mac’s weekly survey of conforming mortgage rates — after a weaker than expected jobs report pushed all mortgage rates lower, Freddie Mac reported on Thursday.
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Mortgages: 1-year ARM falls to record low below 3%
The percent of “upside down” home mortgages in Inland Southern California has been slowly declining since late 2009, according to a report by CoreLogic, a company that monitors real estate trends.
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Upside down mortgages dip in Inland region
Nearly 40% of people who borrowed against homes are underwater.
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The Misery of Those With Second Mortgages
Adjustable rate mortgages can make it difficult to plan ahead. See question No.
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Adjustable rate mortgages can be dicey if money’s tight
Fund manager Terry Smith and economist Deanne Julius debate whether interest-only mortgages are ever a good idea
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AUDIO: Interest-only mortgages ‘deluded’
U.K. lenders should cap mortgages at 90 percent of the property’s value and no more than three-and-a- half times a household’s annual income to prevent another housing bubble, the Institute for Public Policy Research said.
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U.K. Mortgages Should Be Capped to Cure ‘Addiction to Inflation’
Slower economic activity drove rates on fixed-rate mortgages down for the sixth week in a row this week, Freddie Mac’s chief economist said on Thursday.
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Mortgages: Fixed-rate mortgages break 2011 lows: Freddie Mac
