Banks Seek Clarification from RBI on New Interest Rate System

Commercial banks are concerned over the Reserve Bank’s new interest rate system under which lending rates are to be linked to a base rate. They are seeking clarifications in an attempt to de-link home loans from the plan. This is because the expected base rate of around 8.5 to 9.5 per cent could lead to [...]

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Posted March 19, 2010 by ][-NooM-][ under Benchmark Lending, More Loans

Denmark Mortgage Bonds Attract Pimco to Record Sale

Foreign investors returning to Denmark’s mortgage-bond market may bolster demand as banks sell a record $115 billion of the securities at annual auctions beginning today. Investors based outside the Nordic nation likely will buy about 15 percent of the securities maturing in one to five years, up from 5 percent last year, the smallest amount [...]

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Posted November 19, 2009 by ][-NooM-][ under More Bank, More Loans

Check the financial home loan agreement carefully

Sameer Tiwari, a Pune-based mechanical engineer, thought he had made a “prudent decision” by opting for a fixed rate, home loan five years ago from a reputed national bank. Three years after the date of disbursement, Sameer received a letter, which said it was time for renewal of his loan and that the interest on [...]

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Posted November 4, 2009 by ][-NooM-][ under Benchmark Lending, More Loans

Commercial Mortgage Financing

When a person decides to buy a house, he will usually not pay for the entire cost of the home with cash on hand. He or she will usually borrow the money necessary to purchase the home and make monthly payment to the lender throughout an agreed period of time to pay off the amount [...]

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Posted July 29, 2009 by ][-NooM-][ under More Financial, More Loans

Californians Face Foreclosure Despite Loan Modifications

Foreclosures are soaring in California with 473,652 foreclosed homes and thousands more nearing foreclosure. California continues to have the highest number of foreclosures regardless of the government intervention loan modification programs. The Federal Government under Obama’s direction implemented a Making Homes Affordable Campaign, which is designed to help homeowners stay in their homes by lowering [...]

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Posted July 24, 2009 by ][-NooM-][ under More Loans

When Is The Right Time To Refinance Your Mortgage

Chicago property is an example of the best success stories of the fresh boom in property costs. With low, low mortgage rates for Chicago home ( day trading ebook ) mortgage loans, requirement for property is going thru the roof as folks rush to snap up great houses on the gorgeous Chicago lakefront, as well [...]

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Posted July 17, 2009 by ][-NooM-][ under More Financial, More Loans, More Real Estate

How a Mortgage Refinance can help you

A lot of the people that have bought homes when the interest rates were really high are starting to consider refinancing their home mortgage in order to take advantage of the much lower interest rates of today’s economy. If you happen to be one of these individuals and are seriously considering taking advantage of a [...]

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Posted July 6, 2009 by ][-NooM-][ under Phuket Financial, Phuket Loans