Best Mortgage
Wed, 30 Jan 2008 19:00:03 -0700
by Best Mortgage @ Wed, 30 Jan 2008 19:00:03 -0700
So those of you in the business for a few years remember that "back in the day", when rates were high the Nightly News always told you what "Prime" was that day and if it had changed. The Prime Interest Rate is the interest rate charged by banks to their most creditwo Most of you should know what the "Prime Rate" is but for those of you who don't here is a definition from moneycafe.com: The last reported rate is: 7.25 % This has been effective since December 11, 2007 What is the Prime Rate? While shopping around for a lender, ask each for a list of charges and costs you must pay at closing....
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Mon, 28 Jan 2008 07:00:06 -0700
by Best Mortgage @ Mon, 28 Jan 2008 07:00:06 -0700
Citigroup (C) takes in SIVs, has debt downgradeBloggingStocks -11 minutes ago"The bank will probably "take sizable writedowns'' for securities backed by home mortgages and collateralized debt obligations, Moody's Senior Vice ... In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job....
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Sun, 27 Jan 2008 19:00:07 -0700
by Best Mortgage @ Sun, 27 Jan 2008 19:00:07 -0700
said yesterday in its ... Globe and Mail - The rental housing market in the Toronto area is going to improve slightly - for tenants - next year with vacancy rates expected to edge up and rents to grow by less than the rate of inflation, Canada Mortgage and Housing Corp. For months now, you have been looking at houses and home brochures and you have finally found it - the house that's just right. So now, you're feeling anxious to buy your new home, move in, and get settled. But this is not where your search ends. You still have one more important task to do and that is getting a home mortgage....
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Sat, 26 Jan 2008 19:00:05 -0700
by Best Mortgage @ Sat, 26 Jan 2008 19:00:05 -0700
Citigroup to assume control of SIVsGrand Forks Herald (subscription), ND -22 minutes agoSIVs borrow money by selling short-term debt like term notes and commercial paper, then using the borrowed money to buy bank, mortgage and credit card debt ... These can include settlement costs, discount points, and other fees. There may also be a penalty charged for paying off your original loan early, although some states prohibit this....
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