Archive for February, 2009
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Breaking Free of Fees, Other ExpensesWashington Post, United StatesRefinance a Mortgage: With the interest rate on a 30-year fixed-rate loan at less than 5.5 percent, now is a good time to refinance. Slashing your rate from 6.75 percent to 5.25 percent on a 30-year loan will save you 17 percent on your monthly payment …
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Home loans more affordableMalaysia Star, MalaysiaWith lower interest rates, each Ringgit channelled toward paying down a home mortgage will pay down more principal simply because the interest component will be lower. “However, for those in dire straits, maintaining the loan tenure while reducing the …
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A Free Lunch, and Free AdviceNew York Times, United StatesMr. Borodinsky, a branch manager for Chase Home Loans in Woodbridge who speaks at seminars held by various companies, says he doesn’t try to recruit for a particular mortgage plan. “What I discuss is how people right now can take advantage of greater …
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Guess What Got Lost in the Loan Pool?New York Times, United StatesMr. Garcia has another case in which a borrower tried to sell his home but could not because the note underlying a $60000 second mortgage cannot be found. The statute of limitations on the matter will expire in October, he said, and if the note holder …
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A home loan below 4%? It's coming to OregonHillsboro Argus – OregonLive.com, ORBank officials say they will make even jumbo, $417000-plus mortgage loans for less than 4 percent interest, about 40 percent less than the going rate. "We're loaning out our TARP money," said John Satterberg, president of Lake Oswego-based Community …
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Fantini & Gorga arranges $4.9 million for office building …Boston/SF, United StatesBOSTON– Fantini & Gorga has arranged $4900000 in financing for a 71000 square foot Class A office building in downtown New Bedford , Mass. The property, located at 700 Pleasant Street , is owned, leased and managed by Whelan Associates. …
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