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mortgage loans down 9.6%

mortgage loans drawn down during November dropped 9.6% month-on-month to $20.9 billion, the Monetary Authority announced today. mortgage loans approved decreased 16.1% to $23.8 billion. Among these, mortgage loans financing primary market transactions decreased 26.7% to $5.8 billion, and those financing secondary market transactions dropped 12.5% to $13.9 billion. mortgage loans for refinancing …

Understanding your Home Mortgage Loan Agreement

Lenders lay out all their terms in detailed legal language in the home loan mortgage agreement. When you, the borrower, sign the agreement, you’re promising to repay the loan. Make sure to read your loan documents carefully and undersnad them. If it is your first time doing this, do your research and talk to experts or your real estate broker. Four basic areas are covered in the mortgage agreement. [READ MORE]