Many experts are blaming flexible loans for the current problems in the housing market. Although many homeowners had elected to go with short term fixed loans, the loans would eventually switch to a flexible loan with much higher rates. A few years ago, when rates were low, homeowners thought they would not have a problem […]
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Consumers May See Benefits from Rule Changes with Flexible Mortgages
Posted on May 24th, 2008 by Bright Light
Banks are being forced to help their customers due to the current housing crisis by adjusting their rules for flexible mortgage rates. Some lenders are rethinking their current loan practices due to the increasing amounts of foreclosures that are occurring in the market, while other lenders are going about their merry way and still charging […]
Abbey to Cut Flexible Loan Rates
Posted on May 15th, 2008 by Bright Light
Abbey, one of the largest lenders in the UK, announced today that they would be reducing their flexible loan rates. This move shocked many since banks across the UK have continued to charge premium rates on flexible loans. Experts have stated that banks are trying to reduce their amount of risks for bad loans and […]
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