Archive for the ‘Mortgage Loan’ Category.

Mortgage Rate Panic: Time to Lock in a Low-Interest Loan?

Mortgage Rate Panic: Time to Lock in a Low-Interest Loan?
“This development is not good news for people looking to take out mortgage debt in the near future,” Johnson says. “Once the Fed starts raising rates, interest rates throughout the economy, including mortgage rates, auto loan rates and other loan rates …

UPDATE 3-Aldermore loan book swells in buoyant UK mortgage market
Net loans to customers 5.8 bln stg at end-Sept. * On track for full-year net loan growth of 1.4 bln stg. * Lending driven by mortgages, small businesses. * Analysts expected better, shares down 4 pct (Adds CEO, analyst comments, updates share price …
Read more on Reuters

CompaniesNon-bank mortgage lender Loan Depot scotches IPO
LoanDepot, one of the largest non-bank mortgage lenders in the US, has pulled its initial public offering, citing “market conditions”. The company, which was the 11th largest originator of mortgages in the first nine months this year, had planned to …
Read more on Financial Times

Mortgage borrowers, don’t fear a Fed rate hike
That’s why the NAHB projects that the 30-year mortgage will hit 4.5 percent next year and 5.5 percent in 2017. While the 30-year loan is by far the most popular, adjustable-rate mortgages, whose rates are tied to short-term debt, are sure to rise faster.
Read more on CBS News

Mobile Home Loan (mobile Home Park Loans, Mobile Home Mortgage Loans)

For all those new to the concept of Mobile homes, they are a makeshift arrangement that are constructed in companies and as the name suggests they can be carried to the work site and fixed on the ground. Generally, work sites are located in rural and suburbs which do not have office chambers as such. These work sites are known as home parks in United Kingdom and United States of America. They are portable by semi trucks. Not merely assisting in catering to the professional needs, they also give a new dimension to the concept of motorized highway travel. These loans help make your life a journey a great comfort in truest sense. They play a vital role in providing shelters to the families who do not wish to expend much on accommodation. Furthermore, they are also a great help for those who love adventure and crave to lead a different life. The good news is if you too wish to have a home for your self but due to monetary reasons which have kept you from getting one for yourself, there is nothing to worry about anymore. Today, they assist you in buying both the park and the home for yourself. The only thing to be kept in mind is not to get confused with the eligibility criteria of traditional home loans and these loans. The construction standard of needs to be in tune with the proposed norms of HUD under the Federal National Manufactured Housing Construction and Safety Standards Act of 1974. These criteria are a must for attaining the mobile park load. Mobile home mortgage loans are regarded as chattel mortgages. To put in simple words, they are loans given for movable property rather than real property. So it is the mobile home which plays a central role and not the land

Author is a consultant who loves to write on topics related to finance, education and travel. For all those who wish to have a Mobile home for themselves can take help from the mobile home loan.Read more on Mobile Home Park Loans.

Related Mortgage Loan Articles

Mortgage Loan Rates Drop, Applications Jump

Mortgage Loan Rates Drop, Applications Jump
The Mortgage Bankers Association (MBA) released its report on mortgage applications Wednesday morning, noting a week-over-week increase of 11.8% in the group’s seasonally adjusted composite index for the week ending October 16. That followed a …
Read more on 24/7 Wall St.

Can Student Loans Hurt Your Mortgage Approval?
Mortgage Tip: Whether you’re considering a conventional mortgage or an FHA loan, lenders will include any deferred student loan payments when calculating your debt-to income ratio. How This Can Trip Up Your Mortgage. When you apply for a mortgage, …

Mortgage Insurers Pursue Deeper Coverage on GSE Loans
Currently, mortgage insurers like Radian Guaranty and Genworth Financial can provide maximum first-loss coverage down to 63% of a mortgage’s loan-to-value ratio. On a $ 100,000 home purchase loan where the borrower made a 3% down payment, the …
Read more on National Mortgage News