The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story why so many people can’t get their loan out of default.
Sarah
November 21, 2010
Mortgage Servicers’ Secret
November 13, 2010
October 24, 2010
PSU cuts interest rates, home loans come cheaper
Public Sector banks have cut interest rates to almost 3 per cent lesser, that brings the rates down to 9.25 per cent for a loan of 20 lakh rupees. Loans below 5 lakh rupees for 20 years will now attract a maximum rate of 8.5 per cent fixed for 5 years. Loans ranging from 5 to 20 lakh rupees will be available at a maximum of 9.25 per cent fixed for 5 years.But developers are still not happy they want more interest rate cut to boost the real estate sector.
Elaine
October 23, 2010
Mark Bouris of Wizard Home Loans Asks for Feedback on Rates
Mark Bouris of Wizard Home Loans talks about the impact of interest rates rises on home owners and asks for feedback from Australians. Email responses to feedback@wizard.com.au or blog below.
Bill
October 14, 2010
Home loans to be expensive
For those looking to buy a house or in the process of repaying a home loan, Tuesday’s repo rate and CRR hike may not be good news. Home loan will get more expensive, as most banks are certain to pass on the higher rates to their customers. NDTV learns that most banks are looking to hike home loan rates and it’s not just those planning to take a new loan should worry. Existing borrowers on floating rates will also feel the pinch.
Helen
October 7, 2010
cfc stanbic home loans 2100hrs 8th.mov
For many Kenyans, owning a home remains a life long dream.This is largely because majority of Kenyans are unable to access affordable financing to realise the goal of home ownership.But now, CfC Stanbic Bank has opted to lower its lending threshold to potential home owners from 5 million shillings to 3 million shillings, raising the hopes of low and middle income earners.
Cody
October 3, 2010
September 1, 2010
PSU banks announce cheaper home loans
Public sector banks today announced that home loans up to Rs 5 lakh would be given at a maximum interest rate of 8.5 per cent, while those between Rs 5-20 lakh would be offered at 9.25 per cent. Besides, the banks would not charge any processing fees and pre-payment charges for loans up to Rs 20 lakh, and would also provide free insurance cover, the Indian Banks Association (IBA) said.
Danielle
August 27, 2010
August 13, 2010
Beware Of Offers To Modify Home Loans
Complaints are piling up against companies that offer to help homeowners modify loans.
Susan