The number of people seeking help from the Government to pay their mortgages has reportedly increased by 70% since the start of this year.
Reports this morning say 7,000 people are now receiving assistance from the Department of Social and Family Affairs, up from 4,000 last December.
The Health Service Executive administers a special scheme on behalf [...]
Many mortgage borrowers are tempted to finance their closing costs — that is, to add the costs to the loan amount. This could be attractive to borrowers who can earn high returns on their free cash, or those who don’t have any free cash.
Financing closing costs is costly, however, if the larger loan increases [...]
South Africans are cashing in their insurance policies, borrowing heavily, cancelling holidays and swopping eating out for entertaining at home this Christmas.
Some people are so deep in debt that they are spending one third of their salaries to pay back the debt.
And even as consumers battle to make ends meet during the global economic [...]
If an earthquake, fire or theft should strike, is your home adequately protected? Unfortunately, only when the worst happens do we truly know. A devastating condominium fire last year caused us to reassess our insurance needs for a condominium unit we own. What we found was that condominium insurance was a lot more complex than [...]
To allow for extra gifts being carried in the car, Saga Motor Insurance said that it will double its personal belongings cover to GBP2,000. Saga Home Insurance will increase its contents cover by 10% to cover gifts in the home.
Roger Ramsden, CEO of Saga Services, said: “Despite it being the season of goodwill, there are [...]
MIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven’t seen this year.
That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 billion in mortgage-related securities in an effort to slow [...]
Telephones are ringing - and ringing - at mortgage brokers’ offices around the country after this week’s sharp drop in mortgage rates.
Average rates on 30-year fixed-rate mortgages fell to 5.97 percent, down from 6.33 percent the week before, according to Bankrate.com. Some brokers report rates as low as 5.25 percent.
Borrowers with a $200,000 [...]
Nov. 28 (Bloomberg) — The Italian government will make one-time cash payments to Italy’s poorest families and force banks to limit mortgage rates as part of an 80 billion-euro ($102 billion) economic-stimulus plan.
The plan, initially announced last month by Finance Minister Giulio Tremonti, includes little new spending and features corporate tax breaks, controls on [...]
his month, many older homeowners got some long-awaited good news when the Department of Housing and Urban Development approved the higher lending limits for reverse mortgages. Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.
Brien J. Brandenburg, a reverse mortgage specialist for Wells Fargo Home Mortgage, said some of [...]
Shares of mortgage lender Fannie Mae surged nearly 75 percent Friday after the company said it is considering a reverse-stock split to help meet New York Stock Exchange listing requirements.
Fannie’s shares also could have gotten a boost from light trading on the holiday-shortened trading day. With the market closing three hours early at 1 p.m. [...]