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for retirees, a mortgage loan which normally requires at least 20 years of work to ensure debt payment ability is seemingly impossible, but the secondary mortgage corporation (smc) is planning to offer a new product focusing on serving the needs of the elderly.
mortgage rates fall to new records
mortgage rates for 30-year loan now stand at 3.78 percent. fixed mortgage rates for 15-year loans are unchanged at 3.04 percent, a record low.
decision points: pay off your mortgage early or hold until term?
many homeowners dream of a life without the burden of monthly mortgage payments.
april mortgage approvals highest since jan
london (reuters) - country's mortgage approvals for house purchase and mortgage lending were at their highest since january last month, but britons repaid their credit card bills at the fastest rate in more than five years, bank data showed on wednesday. the central bank said mortgage approvals numbered 51,823 in april, up from 51,067 in march. analysts had forecast a reading of 50,100. mor...