Edmonton Mortgage Brokers – When To Locate A Mortgage Broker

Edmonton is the capital of the province of Alberta and a great city to live in. Over the past several years the city’s economy, normally thriving due to its surprising diversity and strength, flagged alongside the rest of the world’s in what has become known as a global recession. But things are looking up for [...]

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Posted February 13, 2011 by ][-NooM-][ under More Loans

5 Tips for first time Mortgage Borrowers

First-time home buyers should shop around, educate themselves about mortgage products. Shopping for a mortgage can be intimidating. It’s natural to feel anxious about doing something new for the first time, and getting your first mortgage is no exception. Fortunately, there are a few simple things you can do to make sure you’re being well-prepared [...]

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Posted January 12, 2011 by ][-NooM-][ under More Loans

Problem Mortgage Subprime : Causes and effects on the Mortgage Loan Market last

Subprime of Mortgage Problem is now in compliance with the Association crudest mortgage lenders are reputable and mortgage institutions suffering large losses last week has seen three major players in the mortgage industry and financial markets will Lower with a large amount of loss due to subprime crisis. Merrill Lynch, including a significant amount of [...]

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Posted December 7, 2010 by ][-NooM-][ under Benchmark Lending, More Loans, More Real Estate

EMIs go up BPLR on Home Loan for Customers

Equated monthly installments (EMIs) on Home loans for customers linked to the old benchmark prime lending rate (BPLR) have gone up after two of the largest private banks HDFC and ICICI Bank increased their rates last week. However, customers who have shifted to the new base rate regime have a respite as the base rates [...]

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Posted December 7, 2010 by ][-NooM-][ under Benchmark Lending, More Real Estate

ICICI Bank to increase home loan rate from Oct. 5

Mumbai, Oct 5 (PTI)The country’s largest private lender ICICI Bank is all set to increase the home loan interest rate by 25 basis points to 8.5 per cent from tomorrow. An announcement to this effect is likely to be made shortly, banking sources said. Under the proposed scheme, home loan seekers will have to pay [...]

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Posted October 28, 2010 by ][-NooM-][ under Benchmark Lending, More Loans

NRI Home Loan Maximum Amount

The normal rule is that banks and housing finance companies easily provide NRI home loans up-to 85% of the cost of the residential property. However, the upper limit of the loan amount sanctioned and the down payment will depend on various factors and can also vary from lender to lender. For example if you take [...]

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Posted August 13, 2010 by ][-NooM-][ under More Bank, More Property

Base rate boon for Home Loan Borrowers

From July 1, the banking sector moved into this new interest rate regime. Prabhakar Sinha explains how it can benefit borrowers Anew interest rate regime kicked off when the country moved to the Reserve Bank of India (RBI) mandated system of base rate, which is likely to be a more objective interest rate benchmark than [...]

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Posted July 20, 2010 by ][-NooM-][ under Benchmark Lending, More Loans