Lender answers 25-year loan call
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Nationwide relaunches its 25-year fixed-rate mortgage, after the government says it wants more long-term deals.
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New mortgage accelerator loans promise faster debt repayment.
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The Yankees will offer Alex Rodriguez a raise from the $25.2 million average annual value of the contract he signed in 2000, probably for five years beyond his current contract.
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MetLife Inc. said on Tuesday that it paid brokers and consultants about $25 million last year in &quot;contingent payments,&quot; which are the subject of a probe by New York state Attorney General Eliot Spitzer.
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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Lenders look at more than your credit rating. Down payments pay off.
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Mortgages are complicated, and lending markets are in flux right now, but savvy, well-positioned consumers can still get the loans they need to buy, build, or refinance a home. They just need to pay attention to what's going on, says David Reed, a lending veteran based in Texas and co-author of "Mortgage Confidential."
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The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of loans at prime rates.
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A couple whose home faces repossession after interest charges saw a loan of 5,750 pounds multiply by a factor of 67 were due to challenge the debt in court as extortionate.
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&quot;Obviously mistakes have been made throughout the last few years, and I accept responsibility for those. But I also ask the people of this state to appreciate and understand what we have tried to do over the past 25 years in public service.
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Looking back at a 25-year old conversation with the late Padmini
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Imagine that you buy a house with mostly borrowed money -- a mortgage -- and the lender insists that you take out fire insurance to protect your house and his collateral.
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Borrowing money seemed to make sense when the interest rate on my home-equity line of credit was 4.5 percent. And borrow I did, almost up to the $100,000 tax-deductible limit.
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Business & money: Building society responds to Alistair Darling's call for longer-term home loans with fixed-rate relaunch.
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Business leaders are calling for more interest rate cuts after the Bank of England cut the cost of borrowing to 5.25%.
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Mortgage company raises financing using mortgages as collateral.
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Media & professional: Â· Threshold for full grant moved up to Â£25,000  Â· Student loan 'repayment holidays' proposed