Archive for August, 2008

Reverse Mortgage types available in Florida Posted By : Will Stickels
Reverse Mortgage types available in Florida Posted By : Will Stickels Benefits and tips on Reverse mortgagages in Florida. Re-mortgaging the answer to debt problems? Posted By : We live in a world where credit cards, overdrafts and loans make spending effortless. Online shopping brings the high street into your home and every newspaper you read offers bigger and better deals on consumer items. In this situation, it is very easy to overspend and managing your personal finance can quickly bec

A&L cuts some mortgage rates (Reuters via Yahoo! UK & Ireland News)
Mortgage bank Alliance & Leicester said it is cutting the rates on some of its home loans.

House prices ‘fall 10.5% in year’ (BBC News)
UK house prices are down 10.5% on a year ago, the first annual double-digit fall since 1990, the Nationwide says.

Mortage lending down 65% on last year (The Herald)
The number of mortgages approved for house purchase in the UK stabilised in July but was still nearly two-thirds lower than a year earlier, figures showed today.

UK Mortgage Approval Numbers in a Decline
British Bankers Association reported that home loan approvals declined from 34,752 in April to 27,968 in May. This May’s number is 56.1% lower than the same time last year, and it’s the lowest number of mortgage approvals since 1997, when the BBA started recording data on the topic.

THE WORLD today!
——————————————————————————— 1. US-Presidential Election 2008 Barack Obama, winning more than 2206 delegates (including 441 superdelegates) has succeeded to clinch the Democratic Presidential nomination and is becoming the first Afro-American to be a major party’s candidate, while Clinton signaled that she may be willing to become Obama’s Vice Presidential nominee if it helps Democratic Party to win the White House. Clinton, the most successful female Presidential candidate in US history, end

Fixed Rate Mortgage Deals
Fixed Rate Mortgage Deals Fixed rate mortgages are mortgages where the monthly payments stay the same for the period of the mortgage deal. Many borrowers like this type of mortgage because it gives them certainty over their monthly paymentsfor the period of the deal. Others are attracted by these at times when they are concerned that interest rates might rise over the coming months. Whilst they have the clear benefit of certainty of payment it is possible that borrowers can fail to realise the