As consumers try to find flexible mortgages they can afford, they are quickly learning that changing LTV ratios mean that they will need to have a larger down payment to get an approval for a new flexible mortgage. This means that many will have to defer their dreams of getting a new home until they […]
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Flexible Mortgage Rates Continue Upward Climb
Posted on June 19th, 2008 by Bright Light
Although many had hoped that the rates for flexible mortgages would drop, the opposite happened this week. Homeowners desperate to get a refinance from their old flexible mortgage are finding it nearly impossible to save any money or get better terms as a result. Although the rates are going up for flexible mortgages, housing values […]
First Time Buyers Seeking More Flexible Mortgages
Posted on June 13th, 2008 by Bright Light
Although traditionally the fixed mortgage was seen as the better deal, many first time buyers are finding that their only option right now is a flexible mortgage. Interest rates are rising and fees for flexible mortgages are going up, but often, banks will only offer this type of a loan to a new buyer. This […]
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