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News about Mortgages:
'Granny flats' let aging relatives live close -- but not too close - Los Angeles TimesTheir homes are too big, their friends have moved or their families are too far-flung. But those aren't the only reasons aging adults are moving into separate residences on their children's properties. "I think it's good for my grandkids to see the ...
David Prosser: It's not how big the bonus is, but how you hand it out - The IndependentWouldn't it be lovely to characterise the decision by Goldman Sachs executives to give up their bonuses as a triumph for the millions of mere mortals who have been enraged by the staggering awards paid to investment bankers? Would that it were so ...
Sir Bob steps into a house of horrors - Guardian UnlimitedCometh the hour, cometh the man. Tomorrow week, Sir Bob Kerslake will take charge of a three-year, £17.3bn war chest to deliver affordable homes and revitalise British towns and cities. The first chief executive of the Homes and Communities Agency ...
Sand Castles – Half-Price Mansions - Barron's OnlineLUXURY-HOME SHOPPERS HAVE COME DOWN with a bad case of cold feet. From Malibu to Manhattan, would-be buyers of $5 million-and-up properties are pulling out of pending deals and suspending their searches out of concern over jarring drops in the stock ...
London rents tumble as family homes fail to sell - Gulf TimesLONDON: A huge glut of unsold London homes has sent rents tumbling by up to 20% since the start of the summer. Families that cannot sell their properties are instead becoming “amateur landlords” - but are finding that demand has dried up. Rents ...
The last thing Londoners need is a rising property market - Guardian UnlimitedBoris Johnson seems to love being on the wrong side of the argument. After defending the "masters of the universe" as magnificent wealth creators , the mayor has announced a £5bn investment plan to kick-start the capital's housing market over the ...
It's the offshore follies again - Financial MailThe rand's fall triggers interest in UK property - but investors beware In December 2001 the rand plunged to R20/£. Hundreds of SA investors rushed to buy UK property, mainly in London. the rand bounced back to R12/£, but London property forgave ...
We must change to survive - Manchester Evening NewsRESIDENTIAL developers will have to come up with more innovative ways of working if they are to survive the continuing and relentless downturn in the market, according to Urban Splash CEO Tom Bloxham. He wants to see more public sector involvement ...
Check Services - Commodity OnlineWhen exactly the share market bottoms and rallies now depends on the depth and severity of the recession Australia faces. Unfortunately, the recession hasn't even really begun yet. That means stocks could face a long march through no-man's land ...
Three Line Whip Blogs - Daily Telegraph BlogsWhen Northern Rock was nationalised there was a good deal of nonsense talked. Northern Rock has a strong mortgage book, intoned ministers (confusing strong with large). As the FT's Alphaville and Guido pointed out yesterday, and is widely reported ...
Today's Mortgage Terms starting with H
Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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