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Mortgage Express appoints new advisor in Auckland

Mortgage Express announces the recent appointment of Fay Cheng, joining the team of Auckland-based Mortgage Advisors. Originally from China, Fay arrived in Auckland in 2002. “I offer my clients, not only expert mortgage advice, but sound financial planning and an all-round, in-depth understanding of their financial situation,” says Fay. Based in Auckland, Fay is no stranger to the real estate …

The Financial Mistake That Can Cost Homeowners a Bundle

Interest rates have bounced around historical lows for years, yet a surprising number of homeowners who could benefit from a refinancing still haven’t taken advantage of the potential cost savings, Ed Conarchy, a mortgage adviser for Cherry Creek Mortgage in Gurnee, Illinois, said in a new Bankrate report issued Monday. The Mortgage Bankers Association forecasted that rates might increase to a …

3 types of mortgage loans for homebuyers

When it comes to getting a mortgage loan, homebuyers have fewer options than they had during the boom years. From the early 2000s until 2008, lenders were much more willing to float exotic loans based on risky terms, but they have returned to safe and sensible home financing.

Weekly mortgage applications drop on tiny rate bump

Total volume dropped 3.2 percent for the week ending January 23 on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA). The results include an adjustment for the Martin Luther King holiday as well. After huge gains at the beginning of this month, mortgage applications are still up a striking 36 percent from a year ago.