In order for the bank to find out how far the client’s creditworthiness is, or will continue to be in the future, and the amount and regularity of the installments will not be a problem for him, he is primarily interested in his income, or the income of the entire household as well as household … Read more
According to the Banking & Payments Federation Ireland (BPFI), remortgaging and mortgage switching activity experienced a significant year-on-year drop of 54.4% in March. This decline was due to a slowdown in the market caused by rising interest rates. In addition to this, the value of remortgage and switching activity also fell by 53.1% compared to … Read more
The mixed rate mortgage has become the queen of mortgage market to the detriment of the fixed mortgage and also surpassing the variable. This is shown by the data collected by the mortgage comparator iSavings in his latest analysis of the Spanish mortgage market during the first quarter of 2023. This trend, which was already … Read more
CrossCountry Mortgage (CCM), the mortgage lender, announced that it is helping make homeownership more affordable in traditionally underserved communities by offer down payment assistance to aspiring first-time homebuyers. The program claims to provide borrowers up to $3,000 that can be used for a down payment and/or closing cost assistance. The new Freddie Mac BorrowSmart Access … Read more
The COVID-19 pandemic has shaken up the global economy in ways that were previously unimaginable. One of the most affected sectors has been the property market, which is now facing a reckoning in Britain. Many experts believe that the house price plunge has only just begun, and that the consequences of the pandemic will be … Read more
As technology continues to advance, customers are presented with more options than ever before when it comes to banking services. However, a new report from the Economic and Social Research Institute (ESRI) has found that the majority of bank customers in Ireland are losing money by not switching to more beneficial accounts or services. In … Read more
Workers autonomous continue to receive a worse pension than salaried workers who have quoted in the general scheme. Although this reality will be corrected little by little in the future, as the listing conditions of one and the other become more equal. In 2022, pensioners who came from self-employed activities received an average of 835 … Read more
What is your outlook for the development of mortgage rates for this year? At the moment, it appears that mortgage rates could gradually decline slightly. Basic interest rates are, however, quite fluctuating. They are now lower than in the second half of last year, so we see some potential for very modest mortgage discounting. But … Read more
The housing market has always been an integral part of the economy, and for many, the dream of homeownership remains a significant milestone. With so much focus on the escalating prices of homes in recent times, the affordability and accessibility of mortgages have become a topic of discussion. However, the latest data from mortgage lenders … Read more
35% of the mortgages in force in our country underwent changes during the year 2022, eight points above the data registered in 2021 (27%). Only in Ireland (44%) and Slovenia (42%) were more novations or subrogationsaccording to data published by the European Central Bank (ECB) and the European Mortgage Federation (EMF), and collected by the … Read more