Archive for the 'Loans' Category

“I got a great mortgage rate from some spam!”

Jon posted a helpful link to a great 4-1-9 site, “4-1-9″ being Secret Service lingo for Nigerian-style phishing.
I wish there was an equivalent site for mortgage spam.
How likely is it that all of these home loan emails are on the level? Why wouldn’t phisher’s use the mortgage angle to collect bank data? The question […]

Wednesday, June 8th, 2005

Fast-growing home-equity loans prompt warning

‘Homeowners could run into financial hot water with today’s new breed of home-equity lines of credit.

Lenders are making home-equity lines of credit easier to use. But the FDIC warns that this flexibility also could lead to trouble. Home-equity credit lines typically charge variable rates and most of the world currently expects interest rates to rise. […]

Tuesday, January 11th, 2005

Everyone’s going for a loan - India

‘The retail loan market has grown by over 100 per cent in the last two financial years — from Rs 44,100 crore in 2001-02 to Rs 100,000 crore in 2003-04 — and is expected to touch Rs 134,000 crore by March 2005.

A recent ICICI Bank-AC Nielson ORG Marg survey on retail spending says the composition […]

Thursday, December 30th, 2004

Number of personal loans falls

‘Figures released today by the British Bankers Association (BBA) show that personal loans and consumer credit fell during October.
The BBA found that consumer borrowing was down across a wide range of financial products, including mortgages, credit cards and personal loans.
Although total credit card borrowing totalled just over £7 billion in October, this figure was actually […]

Thursday, November 25th, 2004

6 Mortgage Myths That Can Cost You Money

‘With the mortgage trending down week after week, many people may jump into the refinancing bandwagon again. BankRate listed six money-costing mortgage myths as a timely reminder for those who want to make more sense of this crucial financial decision.

A 30-year fixed mortgage is always best.

Yes, 30-year fixed mortgage is still at historic low […]

Thursday, November 4th, 2004

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