Financial Insight

Tomorrow in Denver president Obama will sign his stimulus package into law, Wenesday in Airizona he'll tell us all about it.

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Senate Passes Stimulus Bill, Real Estate Industry Reacts   --The Senate, with only scant Republican support, passed an $838 billion economic-stimulus plan Tuesday that would provide significant tax breaks for new car and home buyers but sharply trim billions in aid that states have been seeking. The vote was 61-37. The House of Representatives passed similar legislation ...

Mortgage Interest Rates Hit Historic Low    -- As the base rate has fallen further to an all time low of just 1%, mortgage interest rates are coming down too. Those with interest only mortgages have seen a huge drop in their monthly repayments with some lucky enough to have grabbed deals where they are paying no interest at all. Great news for variable rate mortgage borrowers who have seen their disposable income drastically increase. ...

Mortgage Protection Is Becoming Essential For Homeowners   --The risk of debts, unemployment, repossession and sickness is compelling many homebuyers to seek private insurance which will increase monthly repayments by 10-12 pounds per month per 100,000 pounds of mortgage. This would cover the homebuyer for the monthly interest payment on the mortgage if they were ill or lost their job and were unable to work with no income. Personal debt has now topped a trillion ...

Qualifying for a mortgage in a tough economy    -- Getting a mortgage has become increasingly challenging during recent months. One recent survey showed that 67% of those who applied for a mortgage found it more difficult. Although banks now may have stricter lending rules, it is still possible to qualify for a mortgage, according to the New York State Society of CPA s. Here are a few steps that may make it easier. DETERMINE HOW MUCH ...