Mortgages

Canada’s Housing Agency Boosts Mortgage Premiums Again - Bloomberg

Canada’s government-owned housing agency is raising premiums for the riskiest homebuyers as it seeks to limit taxpayer exposure to the housing market …

Housing

Mnuchin Senate Committee Hearing Thursday 'Yuge' For GSE Stakeholders

Mnuchin has expressed an interest in prioritizing the restructuring of Fannie Mae and Freddie Mac.<p>The political resolution timeline seems to be …

Freddie Mac

Canada's CMHC to increase mortgage insurance premiums

OTTAWA (Reuters) - Canada's housing agency said on Tuesday it will increase its homeowner mortgage loan insurance premiums in a move that makes it marginally more expensive for borrowers to buy a home but should not materially affect the housing market.<p>The move will add about C$5 to the average …

Insurance

Down payment help: What parents, kids should know before money is gifted

High real estate prices and new mortgage rules designed to clamp down on risky lending have made it harder than ever for first-time buyers to own a …

Money

British Columbia launches loan program for first-time home buyers

The British Columbia government has opened up applications for its loan program for first-time home buyers, just three months before the provincial election campaign begins.<p>Economists have warned the B.C. Home Owner Mortgage and Equity Partnership – an interest-free loan program aimed at new buyers …

Real Estate

8 common mistakes to avoid when re-mortgaging

If you're mortgage deal is approaching its expiry, it may be time to think about re-mortgaging - and how you can secure yourself a better offer for …

Personal Finance

10 AWESOME Tax Breaks When You Own a Home {Infographic}

Tax Breaks for Homeowners<p>This article is for informational purposes only. If you're seeking tax advice please consult with a tax advisor.<p>When you …

Taxes

What You Need To Know About Mortgages For Your Home

So you’re in search of that dream home and wondering what it takes in order to pay for it. That is where the home mortgage comes in, and you will …

Personal Finance

Applications open for 1st-time B.C. homebuyers loan

2nd mortgage lets 1st-time buyers borrow up to $37,500 without payments or interest for 5 years<p>Applications are open for the B.C. government's new …

Loans

Revealed: How BoS rushed borrowers into shared appreciation mortgages

The details of how Bank of Scotland rushed older borrowers into hugely expensive mortgages where their debt rose with house prices have been revealed …

Budgeting

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared

The combination of increased longevity and declines in the coverage of defined benefit pension plans means that increasingly retirees risk running out of money because they live too long. Those who have significant equity in a home, however, can reduce or eliminate the risk if they use their equity …

Retirement

Here's how to buy a home with a 5% deposit

The Government's Help to Buy mortgage guarantee scheme closed its doors on 31 December, leaving borrowers with a 5 per cent deposit to fend for …

Money

Credit score myths: What won't affect your rating despite popular belief

<i>This article originally was published on the</i> Motley Fool.<p>Most consumers are fully aware that their credit score and credit report have a lot to do …

Personal Finance

Rising rate environment requires new home-shopping strategy

Say goodbye to those historically low interest rates. If you're looking to buy a house now, rising rates could be a game changer.

Real Estate

Buckle Up, Starwood Property Trust Is Hitting All Cylinders

We were somewhat bullish on STWD when we took a small position in the company hoping to capitalize on the outsized yield.<p>STWD’s decision to increase …

Investing

MorningFinance.com

Why Don't Banks Want Homeowners To Use This Free Government Program?<p>You do not have to settle for your current mortgage rate!<p><b>Over 3 Million Americans</b> …

Money

Bought your first home? Don’t hurry the renovations

Pat Giles and his wife bought a house a year and a half ago. They’re already thinking about renovating the kitchen.<p>A brand new kitchen is a tempting prospect, but it is neither a short nor a cheap renovation. Mr. Giles, 36, is keenly aware of this. He’s associate vice-president of real-estate …

Personal Finance

Reverse Mortgage Mortgage Marketing

Reverse Mortgage Marketing to Grow Your Business<p>As the Baby Boomers reach retirement age, the number of aging adults in the United States is …

Retirement

Home Mortgages And What You Should Learn About Them

Owning a home is a huge responsibility which shouldn’t be taken lightly. The first step is often to get approved for a mortgage, but there is a lot …

2017 rate hikes will make your flat more expensive

By SingSaver.com.sg<p>Expect your mortgage payments to increase this year as banks in Singapore pull their fixed rate home loans from the market.<p>On 29 …

Loans

NAB hikes several fixed home loan rates

National Australia Bank is raising the rates on several of its fixed-rate home loans.<p>Following similar moves from other lenders, NAB is lifting its …

Loans

Why January Is the best time to buy a home

While winter homebuyers generally encounter lower inventory, they have the advantage of less competition.<p>January 15, 2017 —Spring and summer are …

Real Estate

How to pay off your mortgage by selling your house

<b>Dear John: I’m an avid reader of The Post and I know that you have helped people in trouble.</b><p><b>My family has had extended difficulty in acquiring an</b> …

Insurance

Public Affairs Detail | Federal Housing Finance Agency

Washington, D.C. – The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the …

Freddie Mac

Crackdown on Aussie Banks Boosted Mortgage Standards, APRA Says - Bloomberg

Australian banks have “appreciably improved” their mortgage-lending standards, the nation’s regulator said, as it left the amount of additional …

Banking

Cuomo will make foreclosure reform a priority — finally

Gov. Cuomo and state lawmakers are finally making reverse-mortgage foreclosure reform a priority this year — following continuing coverage of a …

New York City

#freshstart2017: Get Your Full Credit Report and Score

January 10, 2017<p>Once you've tallied up all of your debts, you might be a little bit in awe. If something doesn't seem right to you, compare what you …

Credit Report

A third of homeowners plan to cut back their monthly mortgage payments by switching to a new deal this year, says TSB. The savings can be big – but there are things you need to watch out for. The incredibly low interest rates on mortgages

A third of homeowners plan to cut back their monthly mortgage payments by switching to a new deal this year, says TSB. The savings can be big – but …

Budgeting

FHA reduces mortgage insurance premiums

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julian Castro this week announced the Federal …

Real Estate

Mortgage Rates Jan. 13: Bump Up; Foreclosures Hit 10-Year Low

Thirty- and 15-year fixed mortgage rates rose noticeably today, while 5/1 ARM rates rose by a hair, according to a NerdWallet survey of mortgage …

Real Estate