Until recently, it typically cost mortgage borrowers €400-600 to switch from one bank to another. According to the Competition Council, these costs served as a significant barrier to consumers considering switching lenders. However, the situation has now undergone a significant change: consumers no longer need to invest time in switching banks, as much of the process is handled between the banks themselves. Furthermore, consumers can now complete all related activities - such as applications, new contracts, and others - remotely. For detailed guidance on how to proceed and what you need to know about mortgage refinancing, refer to the publication prepared by WALLESS Senior Associate Sigita Vāce-Vecvagare on the LV portal. Read in Latvian here: https://rb.gy/w7e74y #financing #mortgage
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Interest-rate-lock mortgage commitments in the first quarter grew by 27% Q/Q, according to Curinos’ LendersBenchmark Analyzer, despite persistently high rates and low housing inventory. Balance sheet lending continued its dominance, highlighting the ongoing competitive advantage of depositories as rates reaccelerated in late January. Data can help FIs take advantage of this momentum by ensuring alignment with today’s market and revealing mortgage lending trends as they evolve. Read more from Christian Parry: https://hubs.li/Q02x59fD0 #mortgages #mortgagelending #mortgageloans #balancesheetlending #nonconformingloans #govenrmentlending #governmentlending #agencylending #Curinos #heldforsaleloans
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Economists are reporting that the record $2 trillion in savings Americans built by mid-2021 is completely gone and household debt has hit a record $17.3 trillion. As mortgage companies experience the ongoing slow-down, they should turn their attention to providing prospective borrowers with actionable guidance to become homebuyer-ready. Check out #YPRClient's insights on this challenge in the latest article from MBANewslink! https://hubs.la/Q02Rdg-_0 #Fintech #FintechRocks #YPRClient #Mortgage #FinancialAdvisor
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✂️ Could you cut $280 off your monthly repayments? ✂️ After a string of cash rate hikes, research shows mortgage holders could be paying an interest rate of up to 7.11%, says RateCity. But the average rate for new home loan borrowers is currently 6.3%. That's a pretty big difference. 😅 On a loan of $600,000, refinancing or renegotiating to a lower rate of 6.37% (and that's being conservative) could cut $280 off monthly repayments. Call us today to find out if you could cut back your mortgage repayments by refinancing. 👇 To find out more, DM us or contact Circle Finance Group on: ☎️ – 0401 729 575 💻 – michael@circlefg.com.au Credit Representative 550632 is authorised under Australian Credit Licence 389328. Your full financial situation, needs and requirements need to be assessed prior to any offer or acceptance of a loan product. #circlefg #circlefinancegroup #homeloans #refinancing #smartstrategies #brokersworkforyou #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #investmentproperty
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🏠✨ Did you hear the mortgage news? Three of the UK’s major lenders—Barclays, NatWest, and HSBC—have slashed their fixed mortgage rates in anticipation of a potential interest rate cut in August. This move is expected to bring down borrowing costs for residential and buy-to-let loans, with more lenders likely to follow suit. Could this mean lower mortgage payments for you? Stay tuned for updates as the market adjusts! 📉💼 🆘️ If you need personalised, independent financial advice, message us for local recommendations. #UKProperty #MortgageNews #FixedRates #InterestRateCut #FinancialAdvice #Lovelle
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🏠✨ Did you hear the mortgage news? Three of the UK’s major lenders—Barclays, NatWest, and HSBC—have slashed their fixed mortgage rates in anticipation of a potential interest rate cut in August. This move is expected to bring down borrowing costs for residential and buy-to-let loans, with more lenders likely to follow suit. Could this mean lower mortgage payments for you? Stay tuned for updates as the market adjusts! 📉💼 🆘️ If you need personalised, independent financial advice, message us for local recommendations. #UKProperty #MortgageNews #FixedRates #InterestRateCut #FinancialAdvice #Lovelle
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In a financial landscape marked by unpredictable interest rate fluctuations, First Lien HELOC offers an innovative approach that has a beacon of stability and empowerment. Even when interest rates change, Velocity Banking gives you stability and a way to pay off your mortgage faster. Discover how you can use the value of your home to pay off debt faster with First Lien HELOC. For more financial knowledge, visit us at https://lnkd.in/d3tqnK4Q. #firstlienheloc #homeequitylineofcredit #financialfreedom #financialeducation #financialsolutions #homeloan #cashflow #homefinance #refinance #firsttimehomebuyer #mortgage #homeowner #maximizedcashflowstrategy
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Unlock the secrets behind bank decisions in the mortgage market! 🏠💡 Our latest blog post delves into the driving forces shaping lending policies. From heightened competition to evolving economic landscapes, we break down what banks consider when approving mortgages. Stay informed to secure your dream home. Read now! https://lnkd.in/ewubWNKQ #MortgageTrends #BankDecisions #PropertyFinance #mortgageadvice #blog
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€180m of unclaimed Mortgage Relief - sitting in Revenue’s account!!!! Less than one in eight homeowners has claimed up to €1,250 each of mortgage relief payments, it has been revealed. This means over €180m due to owners is sitting in the Revenue’s coffers. Mortgage interest relief was introduced in Budget 2024 last year to help homeowners struggling with spiralling interest rates from the European Central Bank. Read more >> https://lnkd.in/d8Z6ZtU4 #mortgageadvice #mortgageprotection #taxrelief #irelandmortgages #unclaimedmortgagerelief #financialbroker #finances #smartfinancialplanning #financialpanner #brendankelly #bwk Original article published: NEWS / 9TH JULY 2024 /CHRISTIAN MCCASHIN Read the full article here >> https://lnkd.in/d88h4s8E
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🏡 Major Bank Drops 6-Month Fixed Rate! 💸 In a bold move ahead of next week's OCR announcement, one of the major banks has reduced its 6-month fixed mortgage rate. 📉 Could this be a sign of more rate cuts to come? Will other banks follow suit? For borrowers, this could mean more competitive rates and opportunities to save on your home loan. If you're considering buying a property, refinancing, or fixing your rate, now is the time to keep an eye on the market! Stay tuned for updates on the OCR announcement and its potential impact on interest rates. #MortgageRates #InterestRateDrop #OCRUpdate #NZPropertyMarket #HomeLoans #Refinancing #PrimeMortgage
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🚨 Mortgage Strategy's Top 10 Stories (12 Aug - 16 Aug) 🚨 This week: NatWest and Santander cut rates, and landlords could face a CGT hike. Get the full story and in-depth analysis here: https://lnkd.in/ewp_DRx8 #MortgageNews #InterestRates #CGT #PropertyMarket #FinancialNews #NatWest #Santander #Landlords #UKFinance #MortgageStrategy
Associate Partner at WALLESS
7moGreat advice!