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News about Mortgages:
UK house purchase mortgage approvals slumps to a new low - Belfast TelegraphThe number of mortgages approved for house purchase slumped to a new record low during November, new figures have revealed. Just 27,000 loans were arranged for people buying a new property across the UK during the month, only a third of the number ...
Entreprenuer alters the course of success - Irish NewsNew venture: Ciaron Toman celebrates opening the first franchise of the Zip Yard in Belfast city centre CIARON Toman, a young Belfast entrepreneur whose business for the past 10 years has been in mortgage finance, has taken a leap of faith and opened ...
Nationwide will not pass on interest rate cuts - Belfast TelegraphNationwide Building Society will not pass on any further interest rate cuts to the majority of its tracker mortgage customers, it said today. The lender plans to invoke a clause enabling it to stop reducing the loans in line with cuts to the Bank of ...
Plunge on value of your home - The SunNationwide said homeowners suffered an unprecedented “year of turmoil”. Average prices fell by 15.9 per cent, the biggest fall ever recorded by the building society. The sharpest drop came in Belfast — 33 per cent — while Bradford, Bristol ...
Just happy to be home - IndependentShare STEPHEN BROWNE always has a song in his heart but he spent much of 2008 trying to get those lyrics from 'Home', a chart-topper by Michael Buble, out of his head. "Every time I heard it, I had to switch it off," he admits. "It used depress me ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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