How has the credit crunch affected you?’ is going to be one of the biggest and most often asked questions of 2008, and only a lucky few will likely be able to answer -not at all’. More likely is you’ll receive an answer from one of the unlucky many whose finances have been stretched and tested – especially those with mortgages. In just a couple of years, the face of the mortgage market has changed dramatically, with banks and lenders desperate to pull something back in the wake of some reckless credit lending in recent years. These changes are reflected
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Surat Peoples Coop Bank Ltd. Loans – Mortgage Loan
Purpose: This loan can be taken for personal purpose. Eligibility: y: Purpose: This loan can be taken for personal purpose. Eligibility: Any salaried individual can take this loan (businessman, employed, self employed or professional) on mortgage of property. Margin: There is a margin of 20%. Rate of Interest: The rate of interest is 10.5% per annum. Repayment: Period of loan could be up to 5 years. Documents Required: Ownership paper of property Proof of Ownership Latest 6 months Bank Statement (where salary/income is credited) Last 2 years ITR with computation of income / Certified Financials Proof of Turnover (Latest Sales
Continue readingC A Reverse Mortgage Calculator – Clarifying Your Retirement Finance Picture
If you are thinking of a CA reverse mortgage on your home as a means of assisting fund your golden years, you can remove some of the mystery about how much you can agreeably expect in the way of a reverse mortgage loan by making use of a reverse mortgage calculator. You can go for a reverse mortgage calculator from one of the dozens websites that are made accessible to you online. They all require you to input some data affecting your home’s judged worth, but are approximately easy to utilize and will be the speedy way you have of
Continue readingIs Mortgage = Konut Kredisi (home Loan) In Turkey
Below is a list of important changes that are brought with the new mortgage law in Turkey: New Mortgage Products Before the mortgage law, it was only possible to lend home loans at fixed interest rates. The law introduced floating interest rates (or a combination of fixed and floating rates) as an additional mortgage type. In floating rate loans, the interest rate is determined from the sum of a fixed margin that is determined by the lender and the inflation rate as measured by the Consumer Price Index. This way banks do not have to face the interest rate risk
Continue readingHow To Become A Mortgage Broker1
How to Become a Mortgage Broker is a question many people ask. For knowing How to Become a Mortgage Broker one should be clear about the work of a Mortgage broker. A Mortgage Broker is a mediator between a mortgage buyer and a seller. How to Become a Mortgage Broker is simple as one’s work is to bridge the gap between the mortgage buyer and seller. For knowing How to Become a Mortgage Broker one has to know what is the work of a loan officer. A Mortgage Broker gathers and processes all sorts of work related to mortgage real
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