Mortgage

For most people, a mortgage is the biggest financial commitment they’ll ever make. Whether you’re buying your first home, moving to a new city, or upgrading to a larger house, taking out a mortgage is a major decision. While it can be a great investment in your future, it can…

Homeowners who are well into repaying their mortgages face a dilemma: Does it make sense to refinance when their balance is half or less than when they started? Especially for people at the middle toward the end of their existing mortgage term, the costs and stress of refinancing could outweigh…

As the foreclosure crisis continues to generate headlines, it has become evident that the concept of Equity of Redemption can play a pivotal role in avoiding a mortgage accelerate and foreclosure. …

Looking back a few years, I remember the feeling: disheartening, guilt, fear. I was forty, and yet, I had not acquired the most important adulthood badge: homeownership. As a single mother on a fixed income, the dream crumbled in front of my eyes. I went to the bank, hoping an…

Lenders need to offer proactive support — Last week the Financial Conduct Authority (FCA) announced new guidance for lenders to support people struggling with mortgage payments. This is really welcome news. In October, we flagged troubling signs of a mortgage crisis brewing because of rising mortgage rates and cost-of-living pressures. These problems haven’t gone away. Interest rates…

A mortgage is a loan provided by a financial institution to an individual or business for the purchase of the real estate. The borrower must repay the loan with interest over time, and typically makes payments every month. Mortgages are often secured by the property itself, meaning that if the…

Homebuyer activity resilient despite sharp rise in rates MBS Highway’s March 2023 Housing Survey showed resilient levels of buying activity and an improved pricing environment — despite a +100 bps rise in average 30-year mortgage rates during February 2023. After a dramatic improvement in last month’s survey, a steady 56%…

for Friday, March 17, 2023 Talking to clients this weekend? Of course you are! Here’s our weekly briefing on all things real estate. Remember: better-informed agents and LOs provide more valuable counsel to their clients. Two Versions of Talking Points You’re reading the full version of Talking Points. It was written for YOU and includes…