Mortgage

RECENT NEWS
Channel News Asia  Mar 25  Comment 
Mortgage rates for home owners on floating rate loan packages are estimated to have risen on average from about 1.5 per cent a month ago, to 2 per cent now. This comes amid a steady increase in the SIBOR.
Yahoo  Mar 25  Comment 
Applications for U.S. home mortgages rose last week as interest rates dropped to their lowest level since February, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally ...
New York Times  Mar 24  Comment 
The firm, under regulatory scrutiny, also said it faced potential delisting from the New York Stock Exchange.
Channel News Asia  Mar 24  Comment 
The three-month Singapore interbank offered rate (SIBOR) at 1.00129 per cent on Tuesday (March 24) is the first time it rose above the 1 per cent mark in more than six years.
Motley Fool  Mar 23  Comment 
There's a lot more to consider than just your monthly payment. Here's why.
Motley Fool  Mar 22  Comment 
A few things to consider before letting a mortgage banker begin their sales pitch.




 
TOP CONTRIBUTORS

A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt.

The term <a href="http://www.bankrate.com/>mortgage</a> refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan. With the advent of the mortgage backed securities, the market for mortgage loan has been growing quickly and is estimated as large as the Treasury debt market.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately.

The interest rate required of a mortgage is determined by the credit rating of the borrower -- most often divided into prime and subprime mortgage. It may also be related to the strategy of the lender in that, depending on growth targets and competition, the lender may offer more competitive rates.

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