Crawley Mortgage Rates and Information Online from competing Lenders

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Financial News
Financial Services Authority signals Halifax tracker loans must fall ... - Times Online
The Financial Services Authority indicated yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so ...

Financial Services Authority says Halifax tracker loans must fall in ... - Times Online
The Financial Services Authority said yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so. An ...

Pre-Budget Report: your at a glance guide - Times Online
Basic rate tax benefit will increase from £120 to £145 a year on a permanent basis. This is a surprise. Chancellor Alistair Darling was widely expected to extend the basic rate tax benefit for a further two years. Instead, the estimated 22 million ...

Crawley woman claims $21m Lotto prize - News.com.au
A CRAWLEY woman has claimed last night's OZ Lotto jackpot prize - pocketing the Division One prize of more than $21.7 million. A Lotterywest spokeswoman said the woman was accompanied by her husband and their son when she collected the massive ...

Congress takes first step on automaker bailout - Reuters UK
By John Crawley and Kevin Drawbaugh WASHINGTON (Reuters) - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to ...

Legal & General cuts with-profit bonus rates - Times Online
Legal & General has become the latest insurer to cut terminal bonus rates on with profits funds. The FTSE 100 company is cutting rates by between 5 and 9 per cent in the wake of falling and turbulent stock markets. The move means that a 25-year £50 ...

Don't be blinded by 'bargains' - Times Online
The world exhaled a collective sigh of relief this week as the banking industry was saved from catastrophe (we hope) and stock markets staged an incredible rally. Optimism made a comeback: out went the despairing images of stock market traders with ...

Russell Brand falls on his sword and a sorry Ross is taken off the air - Times Online
The BBC suspended one of its biggest stars yesterday and saw another resign after its Director-General finally responded to an audience revolt over obscene phone calls aired on the nation’s most popular radio station. As 27,000 members of the ...

Exeter/Hampton/Rockingham area news in brief - Portsmouth Herald
Loading... Courtesy photo N.H. Renaissance Faire on Oct. 25 and 26 Fairies, rennies and bards will be coming, again, to Kingston, for the fourth annual N.H. Renaissance Faire. This event will take place the weekend before Halloween, (aka Samhain... a ...

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Today's Mortgage Terms starting with M

  • Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
  • Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
  • Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
  • Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
  • Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
  • Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
  • Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
  • Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
  • Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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