Posts about Remortgage as of October 23, 2009
10/22/2009
Amazon.de Widgets In the course of the last week several mortgage lenders have announced a reduction in their interest rates which is all to the good. However similar announcements will have to be made regarding the secured loan industry if it is too survive. The underwriting criteria for secured loans is so strict that a vast number of homeowners are no longer eligible, and the rates although good were lower in 2007. Before the credit crunch secured loans were available with interest rates starting at 5.9% APR and now the lowest interest rate is a little over 9% APR.
