Archive for the ‘Mortgages’ Category

From the Wall Street Journal, March 27, 2011 By EMILY GLAZER The Federal Housing Administration is raising the annual insurance premium on new loans it insures starting April 18. Premiums for new 30- and 15-year FHA-backed mortgages will increase by one-quarter of a percentage point. The annual premiums, which are spread over monthly mortgage payments, will range from 0.25% to 1.15% of a loan amount, up from 0% to 0.9%. The rate you get depends on factors such as the loan amount and duration. Existing loans won’t be affected. If you have a $175,000 loan balance (the average for FHA loans),...  

Posted in Mortgages | Monday, March 28th, 2011

Fixed Rates Explained for Mortgage Buyers by Mark Johnston March 20, 2011   What does it all mean, fixed rates, variable rates, loan to value, Bank of England base rate. All complete new subjects to anyone new to the mortgage arena. The Bank of England base rate is a rate that mortgage lenders, including banks and building societies may choose to use as their starting point for an applicable interest; they will then add their own interest on top and offer these to lenders. Interest rates are possible the most complicated piece of the mortgage puzzle to grasp, there are two types; fixed...  

Posted in Mortgages | Monday, March 28th, 2011

Fixed Rates Explained for Mortgage Buyers   by Mark Johnston March 20, 2011   What does it all mean, fixed rates, variable rates, loan to value, Bank of England base rate. All complete new subjects to anyone new to the mortgage arena.   The Bank of England base rate is a rate that mortgage lenders, including banks and building societies may choose to use as their starting point for an applicable interest; they will then add their own interest on top and offer these to lenders.   Interest rates are possible the most complicated piece of the mortgage puzzle to grasp, there...  

Posted in Mortgages | Monday, March 28th, 2011