Mortgage warning: two-year deals ‘dangerous’ as house prices weaken and rates rise

  Looming interest-rate rises and a stagnant housing market mean first-time buyers with large mortgages are at risk of becoming “loan prisoners” where in future years they will be trapped paying some of the highest rates, mortgage experts have warned. The most popular mortgage deals involve fixing rates for just […]

Reverse Mortgage Vs. Residential Sale Leaseback: Which Is Right For You?

Shutterstock Whether you’re interested in pursuing the option or not, you’ve likely heard of reverse mortgages. You can’t watch television, read a newspaper or walk through most cities without seeing advertisements for them. There’s a new concept taking flight in real estate that has the potential to seriously overshadow reverse […]

Mortgage applications leap nearly 10% on lowest rates in almost a year

Mortgage applications leap nearly 10%  2 Hours Ago | 00:53 Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week […]

‘Liar loans’: Australians overstating income to get mortgages, says analyst

UBS’s Jonathan Mott says one third of those who took out a mortgage in the past 12 months were not ‘completely factual’ with their financial information  A UBS banking analyst says ‘one quarter to one third of the mortgages on Australian banks’ books are based on factually inaccurate applications’. Photograph: […]