(AFX UK Focus) 2009-04-06 16:28 U.S. Treasury to set 2nd mortgage aid soon-official (Interactive Investor)
(AFX UK Focus) 2009-04-06 16:28 U.S. Treasury to set 2nd mortgage aid soon-official (Interactive Investor)
WASHINGTON, April 6 (Reuters) - The U.S. Treasury will soon finalize details on a plan to extinguish and modify second-lien mortgages as part of its overall housing program, a senior Treasury official said on Monday. The second liens — home equity loans that were often written in tandem with a primary mortgage during the housing boom years — have been an obstacle to refinancing and modifying …
Ten Remortgaging Tips
Here are ten remortgaging tips to help you secure the best rate for your home. 1. There are many types of remortgage deals available. Speak to several lenders to find the most appropriate and low cost deal for you. 2. Ask the lender what the interest rate will be for a remortgage. If it is a fixed rate, be sure to determine the duration. 3. Based on your current mortgage and the new remortgage rate, the lender should be able to give you the amount you will be paying each month. 4.