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Mortgage news | ||
Confused by all the Mortgage Options? Heres Help (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan. Getting a Mortgage with Bad Credit (ARA) - Having bad credit is not the end of the world and its not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage. Leading Mortgage Processing Firm DPS Revamps Industry and Delivers Paperless eMortgages With Oracle REDWOOD SHORES, Calif., Feb. 19 /PRNewswire-FirstCall/ -- Document Processing Systems, Inc. (DPS), a pioneer in the electronic mortgage processing industry, is using Oracle(R) Database 10g for its DPS eMortgage Studio(TM), the companys new paperless, electronic mortgage document management system. MORTGAGE OPTIONS These mortgage products provide borrowers with lower monthly payments and more borrowing power than standard 30-year, fixed-rate mortgages - but these benefits require trade-offs. Latvias Mortgage Bank extends Misys Equation licence Misys Banking Systems, a global leader in banking software and solutions, announces today that the Latvian bank, JSC Mortgage and Land Bank of Latvia (Mortgage Bank) has extended its ... Investors in mortgage-backed securities fail to react to market plunge Even as everyone concedes that the subprime or low-grade mortgage market has fallen into the sea, the vast pools of mortgage-backed securities built in part on those risky mortgage loans still appear to be on solid ground. Mortgage of the Week Halifax offering a fixed rate deal until 28 February 2009, at a rate of 5.19%, reverting to the standard variable rate for the remaining term of the mortgage, currently 7.25%. The overall cost for comparison is 7.3% APR. An Early Repayment Charge is payable if you repay all or part of the mortgage during the fixed rate period. Banks spar in court over Coats mortgage First Commercial Bank and MidSouth Bank are enmeshed in a legal battle over the rights to a $1.1 million mortgage on a Gulf Shores beach house, for which both say they provided financing, directly or indirectly, to beleaguered mortgage lender Coats & Co. Inc. Mortgage Next bullish after launching BTL tracker Mortgage Next is launching a five-year buy to let tracker mortgage, funded by West Brom for Intermediaries. The product will be available exclusively via members of the Mortgage Next Network and directly authorised brokers registered with Mortgage Next Partners, from today. Utah bank laying groundwork for entry into mortgage market Houston looms on the radar screen for a Utah-based specialty financial services firm actively expanding mortgage lending operations in 13 states across the Southeast and Southwest. | ||