![]() ![]() ![]() Santander becomes the latest bank to pull ALL of its mortgage deals for new customers as rising interest rates wreck havoc on the housing marketĪfter more than a decade in the doldrums following the financial crisis, interest rates are rising rapidly.Britons whose two-year mortgage deals are ending face paying £360 a MONTH more as BoE prepares to hike interest rates AGAIN.Are you a mortgage holder 'suffering in silence' on a sky-high standard variable rate? Here's how you might be able to bring your payments down.Freetrade lets DIY investors have a say in how companies are run, as it introduces AGM proxy voting for US stocks.Amex ups sign-up bonus on its popular Gold card to 25,000 points: Here's what you have to do to get them.The savings rate whirlwind continues: SmartSave launches one-year fix paying 5.41% as providers scramble to top the best buy tables.How I built a creative hub for start-up entrepreneurs - and the tool that helped us grow online.Mortgage rates will stay high for years and beyond end of most fixed-rate deals, warns former Bank of England boss Carney in more pain for homeowners.Fed holds steady as inflation eases in US: Central bank keeps interest rate at on hold after run of ten successive hikes since March 2022.but it could save them £240 a year and help offset inflation-linked hikes One in five have NEVER switched mobile network.Informa investors in line for £100m returns boost after it ups profit forecast as events bounce back.Crispin Odey's asset management firm to be broken up with funds flogged and staff transferred in wake of sexual misconduct allegations.Fuller's says tube and rail strikes cost it £5m in sales but London-focused pub chain's profits still soar by 76%.Tech group Halma hikes dividend as revenues grow but shares dip as return on sales narrowly misses forecasts.Asos returns to profit despite fall in sales and customers weeks after Mike Ashley's retail group upped its stake.CAB Payments confirms it WILL list on the London Stock Exchange following City disappointment after WE Soda scrapped UK share listing.Annual payments on a £300k mortgage could rocket by £13,200 amid forecasts BofE may raise rates to 6%.INVESTING SHOW: Will more interest rate rises be bad news for investors - and which shares could do well?.First drive in the new £40,000 Vauxhall Astra Electric hatchback - is it worth the 49% premium compared to its petrol version?.Are you married, where else do you bank, what's your income…? Why did First Direct grill me to open a basic savings account, asks LEE BOYCE.CRANE ON THE CASE: My suitcase was destroyed on a Ryanair flight - but the airline refuses redress as no staff were around to give me a reference number.BUSINESS LIVE: Asos returns to profitability Informa boosts earnings expectations Fuller's sales dented by tube and rail strikes.Bank of England launches external review into how it forecasts inflation, following criticism of interest rate setter's wide-of-the-mark predictions.What's going to happen to house prices? Two property experts go head to head.For borrowers with a loan insured by the Federal Housing Administration, known as FHA loans, refinancing into a conventional mortgage can eliminate annual mortgage premium payments once you’ve reached 20 percent equity in your home. Don’t forget that removing someone from a mortgage doesn’t remove them from the deed of the home, which may require filing a legal document called a quitclaim deed (check your state’s property laws for guidance). The person who is refinancing the loan into his or her name will have to qualify for the new loan solely with their own income, credit and employment. This might also apply if you bought a home with another relative or friend. Divorce is another reason to refinance in order to get your former spouse’s name off the loan. To remove a borrower from the mortgage. ![]() A cash-out refinance lets you tap your home’s equity by replacing your existing mortgage with a new one for a larger loan amount, taking the difference in cash. To pull out cash from their home’s equity.Borrowers who took out an ARM but plan to stay in their homes may want to refinance into a more stable, fixed-rate loan before the ARM resets to a variable rate and payments become unaffordable, or at least less predictable. To switch from an adjustable-rate mortgage, or ARM, to a fixed-rate loan.Homeowners who have improved their credit score or lowered their debt-to-income ratio, for example, might be eligible for a better rate today if they refinance. To lock in a lower interest rate and lower their monthly payments. ![]()
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