Posted in home improvement loans

Mortgage rates set another record low, sparking refinances

An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio.

Ty Wright | Bloomberg | Getty Images

Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply for a refinance, but homebuyers were quite as motivated. 

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of up to $510,400 slipped to 3.01% from 3.05%, while points decreased to 0.37 from 0.52 for loans with a 20% down payment. 

In response, refinance application volume, which is most sensitive to weekly rate moves, rose 8% for the week and was 50% higher than a year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. That is the highest refinance volume since mid-August.

Applications for a mortgage to purchase a home fell 2% for the

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Dominic Calvert-Lewin: From non-league loan to England call-up

I never stopped believing – Calvert-Lewin on England call-up

No-one has scored more Premier League headers than Dominic Calvert-Lewin since the start of last season, but his leap to prominence is no surprise to the man who signed him for Everton.

Former Toffees defender and now academy director David Unsworth says he is still “amazed” that he managed to buy the forward from Sheffield United for a “cheeky” bid of a reported £1.5m in 2016.

He first spotted Calvert-Lewin as a 15-year-old in the gym when he was head of the Blades’ academy, and quickly realised he was “a talent who stuck out”.

“What first caught my eye was his gym work,” Unsworth tells BBC Sport. “We’d be there in the evenings and his power from a standing jump was the best I’ve ever seen. He was doing a lot of squats, and jumps at an incredible height onto these

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Dividend Finance Announces New Lending Platform & Broader Suite of Loan Products

Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:

  • Dividend Lite – a new single-page URL application which makes qualifying and signing up a customer faster and easier;

  • New solar loan terms including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR*;

  • More flexible credit criteria and funding requirements; and

  • Same-day approvals and project funding

Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents,

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Posted in home improvement loans

Half of households which deferred home loans have restarted repayments

Half of all households who cut or temporarily halted their mortgage repayments at the height of the Covid-19 economic crisis are back to making full repayments.

During the national lockdown in March and April, banks agreed to let households whose incomes had reduced to either temporarily stop, or reduce repayments on their home loans, a move that was commonly referred to as taking a repayments ‘holiday’.

At its peak in June around 7 per cent of all home loans were on deferred or reduced payment plans with their banks, according to data from credit reporting bureau Centrix.

But Mark Rowley, Centrix chief operating officer, said that by the end of September, the number of mortgages on deferral had halved from its June peak to 3.5 per cent of all home loans.

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* Bank profits cut nearly in half by Covid-19 economic crisis
* ‘Staggering’ number of households behind

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Budget POLL: Is Boris Johnson right with new pledge to make buying a home easier? VOTE | UK | News

During a rousing speech to the Conservative Party’s online conference, Prime Minister Boris Johnson promised to ”fix our broken housing market” and help young people onto the housing ladder. Mr Johnson said his Tory government would reduce deposit sizes to 5 percent for home buyers as part of a drive to increase the rates of home ownership, especially among the under-40s.

Express.co.uk is asking you is Boris Johnson right to make buying a home easier with this pledge?

The Prime Minister also vowed to “transform the sclerotic planning system” and make it “faster and easier to build beautiful new homes without destroying the green belt or desecrating our countryside”.

Mr Johnson said: “These reforms will take time and they are not enough on their own.

“We need now to take forward one of the key proposals of our manifesto of 2019: giving young, first-time buyers the chance to take out

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Posted in home improvement loans

First Home Loan Deposit Scheme extension could be just the start

Victorian first-home buyers can make an up to $850,000 first step onto the property ladder under an extended and revised key housing support program.

On Saturday, Housing Minister Michael Sukkar announced an additional 10,000 First Home Loan Deposit Scheme places, and raised the cap in Victoria from $600,000 to $850,000.

But the extra 10,000 places nationwide are reserved for those buying off the plan, or a newly built home.

RELATED: Display home visits booking out after being cleared for inspection

First Home Loan Deposit Scheme warning for buyers considering it

Lockdown costs Melbourne buyers $25k HomeBuilder grant chance

The scheme allows first-home buyers to purchase a home on a deposit as low as 5 per cent without paying lenders’ mortgage insurance, as the government goes guarantor on their loan.

Building industry groups have lauded the move, but warned the state’s new home industry will need further support — urging for

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Freeport Mayor’s View: City seeks home improvements grant – News – Rockford Register Star

As we rapidly approach the end of the construction season, the City is quickly working to wrap up a variety of infrastructure projects. We had a busy year executing infrastructure projects and approving additional work that will be completed over the next year and a half.

In the past few months alone, the City completed the $3 million Float Avenue infrastructure project, repaved Sunset Drive, Hurd Street, Boggess Street, as well as portions of Ottawa Avenue and Winneshiek Street. Anyone who has driven over Locust Avenue between Lincoln Boulevard and Pleasant Street will appreciate the much-needed repairs that were conducted in the past week. We are also in the middle of milling the street and overlaying Highland Drive in its entirety and are planning on road repair on portions of South Demeter Drive before the weather, and leaf pickup season, prohibits us from further infrastructure improvement projects.

In addition to

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Posted in home improvement loans

Different mortgage rates and requirements

If you’ve been comparing mortgage rates for the purchase of a second home or an investment property, you’re already on a promising path: You’ll either have a place to go for vacations, or you’ll have a place that’ll generate income and put more money in your pocket.



a view of a picnic table: A view from an outdoor patio


© alexandre zveiger/Shutterstock
A view from an outdoor patio

Either way, the opportunity to own more than one property is an enviable position to be in, but how you classify that property makes a difference in how much you’ll pay to finance and own it.

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Second home vs. investment property

Are you buying a second home, or are you making an investment?

This might be confusing, especially if you’re thinking about occasionally renting out the property – using it regularly for vacation, for example, but also making it available on Airbnb for some of the time you’re not using the property

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What should you use a personal loan for?

From an emergency to a big-ticket purchase, personal loans can provide the funding you need.

Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you’re in need of a large amount (after all, there is such thing as a credit limit).

Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer lots of flexibility by putting borrowers in charge of how to use the lump sum.

To keep your personal finance in good shape, find out loan rates you qualify for using Credible. Credible can help you find an online lender with the best deals so you can save money.

5 things you should use

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How to check ‘refinance your mortgage’ off your list this weekend

How to check 'refinance your mortgage' off your list this weekend
How to check ‘refinance your mortgage’ off your list this weekend

Instead of spending another weekend quarantining in front of Netflix or reuniting on Zoom with classmates or former co-workers you barely remember, why not do something really valuable?

Mortgage rates in 2020 have never been lower: The average for a 30-year fixed-rate mortgage dropped below 3% for the first time, and some lenders are offering loans at 2.50% and even lower.

So this weekend, why not start the ball rolling on a mortgage refinance that will cut your housing costs?

Chances are, it’s time for you to refi. The data firm Black Knight recently said 19.3 million mortgage holders are ripe for a refinance and could save an average $299 per month. Close to 2.5 million could save $500 a month or more.

Sure, with a refinance there are forms to fill out, tax returns and other documents

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