Understanding mortgages refinance home loans mortgage

Boost Your Business with a Commercial Mortgage

• Institutional lenders have focused on larger, corporate lending secured on the tenant covenant of investment properties. This sector is seen as being low risk and so has become a favourite of
  many traditional lenders.
  
• The lending criteria of many mainstream commercial lenders disqualify applicants who do not have three years' audited account, those without business plans, or those with a less than perfect credit history. As the UK workforce migrates more towards self-employment, greater flexibility is required from lenders to assess each case on its individual merits. Until recently, this flexibility has been hard to find. Similarly, in the past, the requirement for three years' accounts has been a barrier to new or young businesses.

• Available to small owner managed limited companies, partnerships, and self-employed sole-traders
  
• Self-certification option - no need for three years' accounts
  
• Finance available for any purpose - no bank imposed restrictions
  
• Mortgage arrears, CCJs, IVAs, discharged bankruptcy all considered
  
• Same day indicative offers
  
• Completion in weeks, not months
  
• Transparent mortgage tracking Bank Base Rate
  
• Mortgage term of up to thirty years
  
• Advances from 50,000 up to 1.5m
  

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More Useful Resource and Updates on mortgages refinance home loans mortgage

• Ahead of the Bell: Mortgage hearing (HispanicBusiness.com)
  WASHINGTON (AP) -- As the mortgage crisis deepens and the government joins with the lending industry in a new effort targeting struggling homeowners, Congress is examining the roles played by investors, lenders and loan servicers in the process.



• Mortgage Applications Up 12 Percent Last Week (Nasdaq)
  (RTTNews) - Industry data released on Thursday showed that mortgage application volume rose last week, lifting applications off of an 8-year low. Applications increased nearly 12 percent from the previous week, although they were still down 40 percent when compared to last year.



• Mortgage applications rise as interest rates drop: MBA (Reuters via Yahoo! News)
  U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday.



• Borse Dubai May Refinance $4.2 Billion of Loans at Higher Costs (Bloomberg)
  Nov. 12 (Bloomberg) -- Borse Dubai Ltd., the Gulf emirate's state-owned operator of exchanges, is in talks to refinance $4.2 billion of loans at interest rates tied to the price of credit- default swaps, raising the cost of the debt, said three bankers with knowledge of the transaction.



• Banks cut down interest rates on home loan (Central Chronicle)
  The public sector banks have announced to cut down the interest rate on major loans by 50 to 75 basis points (0.50-0.75%). The banks announced it after concluding the meeting of the heads of the banks with Union Finance Minister P Chidambaram, who assured the bank chiefs to take some measurable steps to help banks in reducing bad loans on their books.



• U.S. MBA's Mortgage Applications Index Increased 12% Last Week (Bloomberg)
  Nov. 13 (Bloomberg) -- Mortgage applications in the U.S. climbed last week from an almost eight-year low as homeowners took advantage of lower interest rates to refinance loans.



• Fannie Mae and Freddie Mac plan to help U.S. homeowners (International Herald Tribune)
  The two mortgage-finance giants will modify home loans - most likely by reducing the interest rate - for people who are at least 90 days behind on their payments.



• Plan before interest-only loan adjusts (Bankrate.com via Yahoo! Finance)
  It's important to study all options before the terms change on your interest-only mortgage.



• (AFX UK Focus) 2008-11-13 12:15 US mortgage applications rise as interest rates drop-MBA (Interactive Investor)
  NEW YORK, Nov 13 (Reuters) - U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Nov. 7 increased ...

• Loan Advisor | Mortgage Refinance | Home Mortgages - E-LOAN.com
  E-LOAN offers mortgages, home equity loans and lines of credit, auto loans, and personal loans. Our Loan Advisor tool will give you an unbiased recommendation on the ...