Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Monday - August 4, 2003

More Mortgage News
• Buy-to-let market healthy
• HK will increase mortgage limit to boost apartment market
• Homeowners' rate warning
• First-time buyers staking a house
• Singapore banks hit by second-quarter profit drop
• New Albany bank establishes branch in St. Matthews
• Tax bills sent to property owners
• PMI Group, others to acquire GE unit for $2.1 billion
• Before mortgage refinancing know the real cost of renovation
• FHFC commits $50M for first-time home buyers
• 2003 may be the best year ever for local home sales
• CRAIG/is tops list
• Real estate bubble or no bubble? Depends who you ask
• For movers, home sales make up for fewer businesses relocating
• The Bank of Hemet Joins MoneyLine Lending Services to Offer Full-Service Mortgage Lending Program
• Mortgage Refinancings Drop; 'Party Is Over,' Lender Says
• Bank of Internet Posts New High in Profits; Annual Pre-tax Income Surges 176%
• Factory orders 1.7% higher in June
• Low interest rates add new curve to real estate financing
• Fed sees new signs of growth
Mortgage News
Buy-to-let market healthy - 2003-08-04
The UK's property rental market has continued to expand thanks to strong investment in the buy-to-let market and a more European attitude to renting, according to the lender UCB Home Loans.

UCB's report cites figures from the Council of Mortgage Lenders (CML) showing the value of buy-to-let lending totalled £6.7bn in the last six months of 2002, compared with £5.5bn in the first half of 2002 and £4.1bn in the second half of 2001.
Read the full story at BBC
 
HK will increase mortgage limit to boost apartment market - 2003-08-04
Hong Kong, where real estate prices have dropped two-thirds since their 1997 peak, may permit apartment buyers to take out bigger mortgages to boost the sagging market.

The city may raise the limit on mortgages on resale apartments from the current 70 percent as part of measures to be announced in October, the < While the plan may make it easier for people to buy homes, it won't be successful unless consumer confidence also improves, some investors said.
Read the full story at Taipei Times Online
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER