First-time buyers should find it easier to get on the property ladder in two-thirds of local authority areas in Scotland, according to new research.
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First-time buyers should find it easier to get on the property ladder in two-thirds of local authority areas in Scotland, according to new research.
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Like equities, interest-rate cycles are impossible to time. But unlike stock market borrowers, lenders do get some advance notice of change.
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Dec. 31 (Bloomberg) — This wasn?t just a bad year for the economy. By some measures, it was the worst year any American under age 70 has ever seen.
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With all the doom and gloom over housing, you might be surprised to know that this is a fantastic time to get a mortgage. Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan these days if you have a solid FICO score, a manageable debt burden, and proof positive of a reliable income.
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Dec. 30 (Bloomberg) — Attempts to loosen terms on hundreds of thousands of delinquent home loans may be hindered by so- called piggyback second mortgages that gained popularity during the U.S. housing boom, Federal Reserve researchers said.
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The Federal Reserve?s decision last week to cut a key interest rate has sparked a stampede to lenders by customers eager to refinance or buy homes on the cheap.
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There’s a bright spot in tough economic times - falling interest rates for home loans. It’s making many people across the Tri-State rush to lock in rates before the new year.
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If you are planning on doing home improvements in 2009, have you considered how you will pay for them?
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Changes in the housing market can change the nature of home-sale transactions.
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The short answer is yes. But you need a sterling credit history to get the best rate.
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