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Mortgage application declined? Don’t despair

What to do when your bank says ‘no deal’ to your mortgage application. Get to grips with the main reasons your mortgage application was declined and what you can do to boost your chances of your loan being approved next time you apply.

Mortgage approvals rise as rates continue to fall

The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England showed, as rates continued to fall and lenders got to grips with affordability rules. Related: Ignore the ‘experts’ and split your mortgage two ways Early …

Home Buying 101: How to Get a Mortgage

Most homes are bought with mortgage loans, which let you buy property and come with tax-deductible interest. If you’re in the market for a new home, especially if you’re a first-time homebuyer, take some time to learn the ins and outs of mortgage financing so you know what to expect. You’ll also need documentation of liquid assets, cash in the bank, as well as credit history and current income.

Freedom Bank Mortgage Makes Key Hires

The Freedom Bank of Virginia continues to expand and grow the bank’s mortgage division. Thomas Patton has joined Freedom Bank as an Assistant Vice President and Senior Underwriter.

Goldman warns of federal lawsuit risk over mortgage bond sales

Goldman Sachs Group Inc said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before the financial crisis. The bank said in a regulatory filing on Monday that it received a letter from the U.S. Attorney for the Eastern District of California in December in connection with the probe …

Mark Ting's advice on breaking your mortgage to get a lower rate

Mortgage rates in Canada are down and could fall further following the Bank of Canada's 0.25 per cent cut in the overnight lender rate. On the Coast's financial columnist, Mark Ting offers this advice. Fixed mortgages are much more complicated and the penalties can run into the tens of thousands as they are based on a formula called the interest rate differential (IRD).