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Mortgage Repayment Newsletter
  • ‘Shocking’ mortgage mistake could cost homeowners £3,000 01 May 2024 15:06 GMT

    … shocking” £3,000 more in mortgage repayments due to a simple mistake … which people allowed their mortgage to revert to a … analysis suggests. Liz Edwards, a mortgage expert at finder.com, urged … to pay rising mortgage bills due to mortgage rate hikes. LATEST …

  • I've held off fixing my mortgage - but now rates have gone up even higher 01 May 2024 14:51 GMT

    … not impact your Tracker Mortgage. With a tracker mortgage, the interest rate … deal expires. Trackers and discount mortgages are less favoured currently due … do not come with early repayment charges, providing flexibility for borrowers …

  • Making Lemonade from Lemons: A Mortgage Lender's Guide to Successful Loan Workouts, Part 1 01 May 2024 12:16 GMT

    … be difficult to refinance. Mortgage lenders should assess their portfolio … Future alerts will address the mortgage lender's options, … an increasing number of mortgage borrowers will approach their … (losses or full loan repayment) under a limited recourse …

  • Job uncertainty, mortgage rates hit NZ households 01 May 2024 07:08 GMT

    … are struggling to meet mortgage repayments due to higher interest … ;A small proportion of mortgage borrowers have not been … risks created by risky mortgage lending. Inflation warning … population growth, potentially lower mortgage rates and increased investor …

  • Should I REALLY use an interest-only mortgage as a buy-to-let landlord? 01 May 2024 06:57 GMT

    … flat with a repayment mortgage or an interest only mortgage. The mortgage broker I … high repair costs. With a repayment mortgage, your monthly payments are higher … , rather than opting for a repayment mortgage and making bigger payments each …

  • State repays substance use workers’ student loans 01 May 2024 06:37 GMT

    … Substance Use Disorder student loan repayment program, which repaid $100 … ’ Substance Use Disorder Loan Repayment Program, she cried and … obviously that can be a mortgage right there,” Dillon said … ,” Burkhart said. The repayment program was partially funded …

  • RBNZ could impose DTIs on mortgage lending from July 01 May 2024 05:46 GMT

    … (DTI) restrictions on bank mortgage lending is July this year … . “Only around 10% of mortgage lending remains on fixed rates … the amount of principal they repay or by moving to interest … the share of interest-only mortgages has remained flat at historically …

  • Bad mortgage debt expected to rise by 40 per cent by year’s end - Reserve Bank Financial Stability Report 01 May 2024 00:20 GMT

    … won’t meet their repayment obligations. The RBNZ mentioned … and other buffers before missing repayments. “However, banks have … either through reducing principal repayments or drawing on savings … support their customers. “With mortgages making up around 60 …

  • How much income do homebuyers need to afford a mortgage in Canada? 30 Apr 2024 19:26 GMT

    … of time you commit to repaying your mortgage. In Canada, the … more confidence that you can repay the mortgage loan. Step 2: Improve … approved for a larger mortgage, start to repay other debts. The … that will help you repay the mortgage loan faster and with …

  • Mortgage sector resilient amid credit reforms 30 Apr 2024 18:27 GMT

    … at least one of their repayment obligations. That’s 463, … consumers behind on their credit repayments, up by 6,000 … 44% relate to difficulties in mortgage payments. Fortunately, there has … been a slight improvement in mortgage arrears, which have decreased …

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