Sentences with phrase «for bigger mortgages»

His reasoning is that since only sub - $ 1M mortgages benefit from the subsidy, lower rates for bigger mortgages will show that the subsidy is driving up interest rates.

«She really needs to bring down her personal debt — both on her line of credit and bank loan — before she considers signing up for a bigger mortgage and all the extra associated costs of a move,» says Franklin.

In fact, after the subprime mortgage crisis of 2007 - 08, they became known as «liar loans,» because borrowers and lenders were able to exaggerate income and / or assets to qualify the borrower for a bigger mortgage.

Some of us, like myself, want to get completely cleared from debt so that we can 1) survive in todays economy, 2) have some kind of hope for retirement and 3) we don't make enough money nor have a down payment for a bigger mortgage.

We were approved for a bigger mortgage than we ultimately ended up with, but we decided that a smaller home was the way to go.

Not exact matches

In July, the Bank of Canada estimated that 47 per cent of residential mortgages with the Big Six banks will be up for renewal in less than a year, with another 31 per cent due in the next one to three years.

Last year, the Bank of Canada estimated that 31 per cent of residential mortgages with the Big Six bank lenders are up for renewal in the next one to three years.

They benefited from rising property values mostly after they purchased their homes, and once they burned their mortgages and their kids left the nest, they set about saving for retirement in a big way.

The biggest provider of mortgages for the past 50 years, Fannie Mae, had as their slogan, «We make the American Dream come true.»

In addition, mortgage lending, which is tied to long - term Treasury rates, is less important for the big banks than it used to be.

With interest rates rising, adjustable - rate mortgages will certainly be heading higher too and those with an ARM «are a sitting duck for a big increase,» McBride said.

Student loan refinancing remains a big business for the company, which claims 300,000 customers and $ 20 billion in loans extended; but SoFi also has expanded gradually into other types of financial products, including personal loans, mortgages, wealth - management products, and insurance.

The move represents the first major acquisition for Britain's biggest mortgage lender, which is part - owned by the government, since it was bailed out during the 2007 - 09 crisis.

For a cash - out refinance, you refinance your current mortgage and take out a bigger mortgage.

But prices also surged, an inconvenient truth for an agency committed to affordable housing, forcing Canadians to take on bigger mortgages to keep pace.

The down payment is one of the biggest roadblocks for all mortgage borrowers.

Fisher made its big withdrawal from the U.S. Deutsche Bank FI Enhanced Global High Yield ETN on Oct. 5 as Deutsche «faced a big penalty for allegedly misselling mortgage - backed securities in the U.S.,» the Journal says.

Given that CMHC now accounts for half the mortgage market, it's fair to say that a rationing of their credit is a very big deal.

A jumbo loan might be the right kind of mortgage for you if you plan to buy a big piece of property and you don't want to bother dealing with more than one piggyback loan.

The agency has toughened mortgage rules and fined big banks for allegedly taking advantage of consumers, but it has run afoul of Republicans who say it has gone too far, contributing to an environment in which consumers are having more difficulty getting mortgages and credit cards.

I'm not in need of a mortgage and don't have student loans, so I opted for applying for a personal loan to help with a big expense I've got coming up.

FHA home loans can be a big chunk of first - time homebuyers» mortgages because the loans allow for lower down payments and relaxed credit qualifications.

One of the biggest qualifications for a mortgage is your debt - to - income (DTI) ratio.

Because of the way interest is calculated for mortgages, additional payments early on have a bigger impact than later in the life of the mortgage.

Mortgages are one of the biggest and most complex financial products you'll deal with as a consumer, and many borrowers find it important to have an option for in - person service at their local bank or lender.

Fresh off the announcement that it was going to pay a $ 13 billion settlement over questionable mortgage practices, JPMorgan Chase made a social media gaffe big enough to make Anthony Weiner blush: With a straight face, it invited the public to ask one of its top executives for career advice.

To test whether mortgage rates in Pennsylvania change according to city, we asked the state's biggest lenders for purchase mortgage rates in four cities, based on the same $ 170,000 loan profile used above.

The three big agencies — S&P, Moody's and Fitch — have been blamed for helping fuel the 2008 financial crisis by giving high ratings to risky mortgage securities.

But now when our peers get big bonus check, they're not buying a car or saving for a mortgage, they're spending it on a weeklong tour of Southeast Asia.

Canada's big banks are charging their preferred customers with sound credit quality 3.39 percent for five - year fixed mortgages and 2.75 percent for variable mortgages this month, according to RateSpy.com.

For millions of Americans, a mortgage is the biggest debt they'll ever have to repay.

In many parts of the country, rising home prices are a bigger concern for home buyers than rising mortgage rates.

Credit scores are a big deal for mortgage lenders.

Well, it will depend on how much you're paying for private mortgage insurance, your tax bracket and how big of a deduction will you be allowed.

A big reason for this is that many of the purported «professionals» in real estate finance (e.g. mortgage brokers and bank officers) don't understand it either.

Other economists don't agree that you need $ 350,000 to be considered rich, however an amount of money that exceeds $ 200,000 per year is enough for a family to lead a more than comfortable lifestyle; this means having the chance to live in a big house, send the kids to private schools, have enough money to travel internationally, own at least 2 cars, and have no debt except a mortgage which will help them build equity.

The biggest challenge here is that exchange rate volatility currently makes bitcoin a poor store of value, at least if your time horizon is measured in months, weeks, or even days, as it is for people who get paid daily or (bi) weekly and pay their rent or mortgage monthly.

A proliferation of low - and no - downpayment mortgages have helped spur homeownership among long - time renters; and the return of the 80/10/10 loan is making it easier for existing homeowners to «move up» to something bigger.

The biggest benefit for buyers in this rising - rate environment is that they can lock in a loan at your low mortgage rate, and pay less for it.

The sad part for TD is that they not only lost my mortgage but the lack of special attention to a big customer makes me want to start moving money elsewhere.

One of the biggest roadblocks people see to homeownership is the requirement for a down payment — but that shouldn't prevent you from seeking a mortgage.

The unit, the chief investment office (CIO), has been the biggest buyer of European mortgage - backed bonds and other complex debt securities such as collateralized loan obligations in all markets for more than three years... The unit made a deliberate move out of safer assets such as US Treasuries in 2009 in an effort to increase returns and diversify investments.»

JPM, Wells Fargo & Co (NYSE: WFC), and Bank America (NYSE: BAC) are paying up big time for jumbo mortgages in major MSAs, a large but unprofitable business for years to come.

Recent rumors about Peltz taking an interest in Legg Mason made serious waves in the market, for example, while Bloomberg has listed Peltz among several big shots who were raising public money to make mortgage investments earlier in June.

We also obtained estimates for mortgage rates on a $ 240,000 home purchase at the five biggest lenders in New York state.

Canada's biggest banks are charging their preferred customers with sound credit quality 3.39 % for five - year fixed - rate mortgages, and 2.75 % for variable - rate mortgages this month, according to RateSpy.com.

Conventional mortgages may be a better option for borrowers looking at properties that are bigger or located in more expensive areas.

Just a year after Blackstone Group took out a record $ 1 billion refinancing for the Willis Tower, the firm has taken out an even bigger mortgage on the skyscraper.

3 — The Fed has traded over $ 200 billion in US Treasuries with the big investment banks for a wide variety of dodgy collateral (mostly mortgage - backed securities).

MIAMI (AP)-- Accounting giant PricewaterhouseCoopers squared off Tuesday in court with lawyers for a defunct mortgage company's creditors and investors over a $ 5.5 billion lawsuit, which claimed the Big Four firm failed through years of audits to...