May 31, 2025

Mortgages

Mortgage

The 5 Best Alternatives to a Reverse Mortgage

If you’re an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your insurance premiums, home repairs and property taxes — no payments is due until you sell the house, stop living

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Loans

Californians are late paying 18% of their student loans – Orange County Register

Despite the financial stress of Golden State life, Californians are relatively good at paying bills compared with the rest of the nation. Take student loans. In the first quarter of 2025, 18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency

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Mortgage

I paid off my mortgage in full in just 9 years – and I’m sharing my secrets

Couple managed to pay off their massive mortgage in less than a decade after discovering how much they would pay in interest over 25 years It is possible to pay off your mortgage in under 10 years according to one couple(Image: undefined via Getty Images) Many Brits are now sidestepping the exorbitant interest payments charged

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Mortgage

How to pay off your mortgage early on an average UK salary

PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage

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Mortgage

Is it about to become easier to get a mortgage?

Getting a mortgage could soon become easier – especially if you’re buying your first home. At the start of the year, the financial regulator announced plans to reform the market and improve access for borrowers.  We’re now starting to see the effects, with lenders tweaking the affordability checks they use to decide how much you

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Mortgage

Nationwide announces change to mortgage rules in major boost for first-time buyers

The high street lender has reduced its stress rates – which are used to determine if they can afford to continue to pay their mortgage if interest rates rise – by between 0.75 and 1.25 percentage points 12:20, 15 May 2025Updated 12:36, 15 May 2025 Nationwide has made a change to its stress rates(Image: Mike

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Mortgage

Interest rates to fall at fastest pace since financial crash as more lenders SLASH mortgage rates

INTEREST rates are likely to fall at the fastest pace since the 2008 financial crash, economists are predicting. The Bank of England is widely expected to cut its base rate on Thursday from 4.5% to 4.25%. 1 Mortgage lenders have been slashing interest rates in recent weeksCredit: Alamy This would mark the second rate reduction

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Mortgage

Mortgage rates dipped. Is it enough help the housing market?

How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate

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Mortgage

Interest rates to be cut ‘five times’ this year in major boost for mortgage holders

Fears of an economic slowdown are expected to prompt a Bank of England rate cut next week – with more to follow – leading to potentially big savings for millions of mortgage borrowers The Bank of England could slash its base rate to 3.75% this year in a boost to the home sales(Image: Yui Mok/PA

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Mortgage

Our income dropped after we got our mortgage. Will we struggle to get a new deal?

A reader wonders whether their recent drop in income will affect their mortgage options Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to

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