find mortgage and refinancing information Akron Ohio

Channel:

We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
 Please check back frequently as new topics are added and current topics are updated daily.

 

Housing Bill - Changes in the Right To Buy Scheme


Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change. As of the 18th January 2005, the new Housing Bill becomes law and the current 2 years will change to a period of 5 years. This means, that once the proposals come into force, any new council tenant will have to wait 5 years before having the option of buying their property.

There is also a proposal to extend the period during which landlords can require owners to repay some or all, of the discount given on a property in the case of an early resale.

Currently, purchasers of a property that has been bought on the right to buy scheme, can sell after 3 years with no requirement to make any repayments of the discount. The proposal suggests this should be extended to 5 years. Therefore, anyone who sells a property bought under the right to buy scheme within 5 years of the purchase, will be requested to repay a percentage of the given discount. Repayment figures are as follows: -


Currently
Sale within the 1st year - 100%
Sale within the 2nd year - 66%
Sale within the 3rd year - 33%


Proposal amounts
Sale within the 1st year - 100%
Sale within the 2nd year - 80%
Sale within the 3rd year - 60%
Sale within the 4th year - 40%
Sale within the 5th year - 20%

With the predicted drop in house prices in 2005 (meaning lower property valuations) combined with the new proposals further restrictions on council tenants wishing to purchase, now may be a good time to consider a right to buy.

The proposed changes in the right to buy scheme include measures to reduce the attraction of purchasing a discounted property with the prospect of selling it to make a profit.

The initial idea of the right to buy scheme was to give ordinary families the opportunity to own their own homes, something they may not have been able to afford otherwise. However there are concerns about the effects this has had on local housing stock and a number of people profiteering from potential windfalls in expensive property areas.

Exploitation in the Right to Buy Scheme

There have been several schemes where third party companies encourage tenants to purchase their homes under the right to buy scheme, by offering them cash incentives. The tenant purchases the property at a discounted price under the right to buy scheme and simultaneously exchanges contracts to sell the property to the company after 3 years at which point no discount penalty will be repayable. The tenant will lease the property to the company and move out of the home with a cash sum. This leaves the company free to rent out the property at the current market rental rates.

After three years the tenant sells the property to the company. The company will either continue to rent the property at market rates or the property will be sold on at a substantial profit.

The incentive for the tenant is the lump sum offered, which can be anywhere from £5000 to £26000 but is usually a percentage of the equity of the purchased property. This could be attractive to tenants who do not wish to purchase their current home or hope to purchase a property in another area as it will give them a ready made deposit to buy another home.

The new proposals are designed to make this type of sale less attractive and prevent profiteering as well as securing local housing for the less well off.

The proposed changes in section 180 and 182-189 of the Housing Act 2004 will come into effect on 18/1/2005.

For more information on a right to buy mortgage, visit Right To Buy website.

Nicola Bullimore has been working with people to resolve debt problems for a number of years. For more information regarding debt issues, please visit Debt Questions website.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sun. July / 21 / 2019

Good time to refinance your mortgage?  Fox Business

The 30-year fixed mortgage rate recently reached its lowest levels since September 2017.


How to Refinance a Mortgage and When to Do It  TheStreet.com

Your mortgage can cost a lot of money over time. Here's how it might just cost a little less....BAC.


Consider a Mortgage Refinance, Even If You Bought Recently  NerdWallet

Mortgage rates have fallen so much lately that millions of homeowners might benefit by refinancing — even if they bought a home in 2018.


Will mortgage rates drop even more? Should I wait to refinance?  The Mortgage Reports

Mortgage rates are near historic lows, but maybe you've heard that nagging voice, the one which says “wait just a little longer. Rates can drop lower.


Refinance mortgage rate moves up for Thursday  Bankrate.com

Refinance rates were mixed, but one key rate cruised higher. See what that means for your refinance.


Refinance rates advance for Monday  Bankrate.com

Several benchmark refinance rates cruised higher today. If you're shopping for a mortgage, see what that means for you.


Refinance rates decline for Friday  Bankrate.com

Several closely watched refinance rates decreased today. If you're shopping for a mortgage, see what that means for you.


Refinance rates trend higher for Wednesday  Bankrate.com

Several closely watched refinance rates cruised higher today. See what that means for your refinance chances.


Debt Consolidation with Mortgage Refinancing: How to Pay Off Debt with a Refinanced Mortgage  Zing! Blog by Quicken Loans

Considering a mortgage refinance to consolidate debt? Before you do, read our guide to make sure you understand how it works along with the pros and cons.


More than 8 million homeowners are leaving big money on the table by not refinancing  CNBC

Mortgage rates have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, and that is giving a major boost to the number of ...


Mortgage rates today, July 18, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates fell by a worthwhile amount yesterday, as we predicted. The drop wasn't enough to offset recent rises. But it was a step in the right ...


Refinance mortgage rate retreats for Tuesday  Bankrate.com

Refinance rates were mixed, but one key rate ticked downward. If you're shopping for a mortgage, see how your payments might be affected.


6 Strategies To Make Your First Mortgage Refinance A Success  CBN News

Mortgage rates may be rising but there's still room to refinance your home loan. Use these six ways to get the best deal on your first mortgage refinance.


Should you refinance your mortgage now?  Clark.com - Clark Howard

Money expert Clark Howard has a simple rule for when to refinance your mortgage. See if it applies to you and how you can hit a "grand slam" if you do it.


Refinance mortgage rates mixed for Thursday  Bankrate.com

Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.


How to get the best deal on your home mortgage refinance  cleveland.com

Mortgage rates may be rising but there's still room to refinance your home loan. You might have heard much said about the constant rise of interest rates over the ...


This is how ridiculously low mortgage rates are now. A historical perspective  The Mortgage Reports

Home refinance rates are low. This is a statement which is both true and does not adequately describe the current mortgage situation. Mortgage rates in the 3% ...


Refinance mortgage rate slides for Friday  Bankrate.com

Refinance rates were mixed, but one key rate slid lower. See what that means for your chances of scoring a killer refi rate.


Mortgage rates today, July 19, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates barely moved yesterday, as we predicted. What small move there was, turned out to be friendly. And the small fall took rates very close ...


Weekly mortgage rates fall further, but only refinance applications rise  CNBC

Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.


Liz Weston: Shop for refinance rates with no credit score dip for multiple inquiries  OregonLive

Dear Liz: We're planning to refinance our mortgage and are concerned about generating multiple credit inquiries which would lower our excellent credit scores.


Fed interest rate cuts to usher in new era for home buyers | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Home prices are high but there's hope for home buyers. Falling rates should make homeownership more affordable as the Fed seeks to cut rates in 2019.


It's Your House, Only Cheaper — Why Homeowners Should Refinance Now to Save Big  PaperCity Magazine

Are you leaving money on the table when it comes to your home mortgage payments? If you are one of 5.9 million, homeowners who could lower interest rates ...


Over 8 million homeowners are leaving big money on the table by not refinancing  The Coloradoan

Refinancing can lower monthly payments, but it can also provide easy money for homeowners with high levels of home equity.


Mortgage rates today, July 11, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Average mortgage rates inched up yesterday, as we predicted. They moved by only the smallest measurable amount, meaning you may still have had the same ...


Your Mortgage: What's up with all this refi talk?  Shawnee Mission Post

By Mike Miles Mortgage rates can be both boring and attractive. Chances are strong that if you have a conversation at a party concerning mortgage rates (in ...


Mortgage rates sink to a 31-month low after Federal Reserve expresses uncertainty about the economy  The Washington Post

Mortgage rates hit their lowest levels since November 2016 on the heels of the Federal Reserve meeting last week. According to the latest data released ...


Refinance rates tick lower for Tuesday  Bankrate.com

Multiple closely watched refinance rates sunk lower today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both declined. Meanwhile ...


Guild Mortgage Will Consider Airbnb Income on Refinance Applications  Mortgageorb

Guild Mortgage recently launched a new mortgage option in partnership with Airbnb that considers short-term rental income from Airbnb as an acceptable ...


Mortgage rates today, July 12, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates rose yesterday, as we predicted. However, the increase was sharper than we expected. It wasn't huge (equal-third biggest movement ...


More than 8 million borrowers can now benefit from refinancing their mortgage  HousingWire

Last week, Freddie Mac's fixed mortgage rate fell to its lowest level in three years, bumping the pool of refinance candidates up significantly. At the end of June, ...


Mortgage rates today, July 16, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates held steady yesterday, as we predicted. That was a relief after four days of rises, the last two of which were fairly sharp. Of course, they ...


Mortgage rates increase for Wednesday  Bankrate.com

Several benchmark mortgage rates cruised higher today. If you're in the market for a mortgage, see how your payments might be affected.


Mid-year review: What’s happening in housing, and more important, what’s not  Bankrate.com

The first half of 2019 bore promising gifts to eager homebuyers, namely low mortgage rates and slowing home price growth. This comes, however, amid a ...


Here’s what mortgage rates might do after the July 2019 Fed meeting  The Mortgage Reports

Will mortgage rates rise or fall after the Fed meeting in July. Most experts think the Fed will cut bank rates and that mortgage rates will also be reduced. But what ...


U.S Mortgage Rates – Rates Rise for Just the 3rd Time in 13-Weeks  Yahoo Finance

Mortgage rates were on the rise once more, though they could come under pressure should tension in the Middle East rise further…


U.S Mortgage Rates – Mortgage Rates Slide Again as the FED Turns Dovish  Yahoo Finance

Mortgage rates were back on the slide following the previous week's 1st rise in 7-weeks. In the week ending 27th June, 30-year fixed rates fell by 11 basis points ...


Refinance mortgage rate slides for Monday  Bankrate.com

Refinance rates were mixed, but one key rate decreased. If you're shopping for a refinance, see what that means for you.


Tech improvements help make mortgage refinancing faster | Homes & Garden  The Union Leader

A massive wave of homeowners now has an incentive to refinance their mortgages and they could find the process faster than it's been in recent memory thanks ...


Mortgage rates go up for Monday  Bankrate.com

Multiple benchmark mortgage rates climbed today. If you're shopping for a mortgage, see how your payments might be affected.


Refinance mortgage rate moves up for Monday  Bankrate.com

Refinance rates were mixed, but one key rate cruised higher. See what that means for you if you're in the market for a mortgage.


Real Estate Advice: When's a good time to refinance  Wicked Local

Q: What's a good rule of thumb about refinancing? With mortgage interest rates dropping again, I'm wondering if I should refinance.A: The refi rule of thumb is ...


Benchmark mortgage rate moves lower for Wednesday  Bankrate.com

Mortgage rates diverged today, but one key rate fell. See what that means for you if you're in the market for a mortgage.


Qualify To Refinance Using Short-Term Rental Income  Zing! Blog by Quicken Loans

Do you rent your primary or vacation home on Airbnb, HomeAway® and Vrbo™? You can now use the income to qualify for all conventional loans.


Could we see 2% mortgage rates before this is all over?  The Mortgage Reports

Is it really possible that we'll see 2% mortgage rates in the next year or so? No doubt some folks laughed when we suggested earlier this year that mortgage ...


Mortgage rates move up for Tuesday  Bankrate.com

Multiple closely watched mortgage rates trended upward today. If you haven't locked yet, see how your future home loan payments could be affected.


Mortgage rates trend higher for Monday  Bankrate.com

Multiple closely watched mortgage rates notched higher today. See what that means for you if you're in the market for a mortgage.


U.S Mortgage Rates – Rates Rise for the 1st Time in 7-Weeks  Yahoo Finance

30-year fixed mortgage rates rose for the 1st time in 7-weeks. The latest FOMC projections and rising geopolitical risk could reverse that with interest…


4 Student Loan Refinancing Myths Debunked  NerdWallet

Student loan refinancing isn't a scam. To help you decide whether refinancing is a good option for you, we're addressing four common misconceptions.


Mortgage discounts | United Federation of Teachers  United Federation of Teachers

The following discounts are paid advertising. The appearance of these ads does not imply any endorsement by or connection with the United Federation of ...


Guild Mortgage launches refi option for Airbnb hosts  HousingWire

Guild Mortgage has partnered with Airbnb to launch a refinance program for property owners who host guests through the Airbnb platform. The program allows ...


Mortgage rates today, July 1, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates reversed direction during Friday and ended up lower — though only by the smallest measurable amount. So they remain adjacent to ...


9 housing and mortgage trends for the rest of 2019  KGUN

The first half of 2019 surprised housing markets across the country: Mortgage rates fell. That's the opposite of what the experts had predicted at the beginning of ...


Mortgage rates fall for Tuesday  Bankrate.com

Multiple key mortgage rates receded today. If you're in the market for a mortgage, see what that means for you.


Mortgage rates today, July 3, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Owing to markets being closed for the Independence Day holiday, this report will not appear tomorrow. As predicted, average mortgage rates fell a little ...


Mortgage Rates Keep Dropping – Market Update  Zing! Blog by Quicken Loans

Some data around home sales disappointed, but mortgage rates continue to fall. All that and more on the way in Market Update!


Average FICO Score For Closed Mortgages Jumped to 731 in June  Mortgageorb

The average FICO score for all closed mortgages increased to 731 in June, up from 728 in May and up from 726 in June 2018 to reach the highest level in at ...


Refinancing Jumps in Government-Backed Mortgages, Bucking Market  Bloomberg

A surge in government-guaranteed mortgage refinancings is underway, bucking the decline in the broader market since early June.


Mortgage rates today, June 24, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Average mortgage rates rose on Friday, as we predicted. But the increase was tiny. Leaving aside Thursday, that average is currently at its lowest since ...


Mortgage rates today, June 26, 2019, plus lock recommendations | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Average mortgage rates moved lower yesterday, as we predicted. The fall was tiny but it was enough to match last Thursday's level, which was the lowest in 20 ...


Mortgage rates predicted to fall to “the lowest they’ve ever been”  The Mortgage Reports

Mortgage rates fell to 3.84% in mid-June according to Freddie Mac, but could they go lower? A lot lower? Even the lowest they've been in 50 years? Mortgage ...


'Now Is The Time To Refinance': Low Mortgage Rates Cause Surge In Refinancing  Forbes

Last week's massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, ...


As mortgage rates plunge, should you refinance?  Fox Business

Nearly 6 million people can now cut their mortgage payments with refinancing.


Mortgage rates today, June 25, 2019, plus lock recommendations  The Mortgage Reports

Average mortgage rates held steady yesterday. A modest fall had looked more likely first thing. Still, their being unchanged was a real win for borrowers.


Mortgage rates haven’t been this low since 2016 — here’s how to decide whether to refinance your home loan  MarketWatch

More people are pursuing refinances as mortgage rates have dropped.


As rates drop, mortgage refinancing surges but home purchase loans remain tepid  USA TODAY

Homeowners scramble to refinance mortgages as rates hit the lowest level in 17 months. But mortgage applications for home purchase rose just 0.5%.


The power of mortgage insurance — and which state's buyers use it most | Mortgage Rates, Mortgage News and Strategy  The Mortgage Reports

Mortgage insurance often gets a bad rap. But according to new data, it actually helped more than 1 million Americans either purchase a home or refinance their ...


Homeowners refuse to tap into massive equity. Is that a mistake?  The Mortgage Reports

Home equity is up and rates are down. But homeowners refuse to tap into equity for major financial goals like a college education or home improvements. Is that ...


Important mortgage rate falls for Wednesday  Bankrate.com

Mortgage rates diverged today, but one key rate trended down. If you're shopping for a home loan, see how your payments might be affected.


Mortgage rates are falling—here's how to tell if you could save money by refinancing  CNBC

As mortgage interest rates drop, homeowners could save hundreds per month by refinancing. However, it's not a smart financial decision for everyone.


5 Signs It's Time To Refinance Your Mortgage  Forbes

You've probably heard that refinancing your mortgage can save you money. While that's true in many cases, refinancing needs be done at the right time in order ...


When Mortgage Refinancing Makes Sense  Seeking Alpha

There are many misconceptions about what happens with refinancing a mortgage and the effect on interest payments. The important factors are rate, time and ...


Lend America exec to be sentenced in fraud case  Newsday

A Long Island man who pleaded guilty to felony charges in the collapse of a $1-billion-a-year mortgage lender is scheduled to be sentenced in federal court ...


Nearly 6 million people can now cut their mortgage payments with refinancing  Bankrate.com

The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate -- two ...


Housing in the Low Mortgage Rate Environment  The MReport

As the rest of the economy slows, housing may be a bright spot, according to a new report from Fannie Mae.


These are the best (and worst) reasons to refinance your mortgage  Bankrate.com

Whether you've owned your home for a short time or you've had your mortgage a bit longer, a mortgage refinance involves careful consideration. After all, you'll ...


DAVID W. MYERS: Bounced checks wont scuttle homeowners refinancing plans  Sarasota Herald-Tribune

Just about everyone has accidentally written a bad check over the years. Doing so won't hurt your credit score, provided that the old check is replaced by a new ...


Mortgage refinancing spree becomes a race against the clock  Bankrate.com

Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data ...


Refinance Your Mortgage Quickly: Prequalify in Just 3 Minutes  Credible News

Let us do the heavy lifting for you. Compare rates from multiple lenders with no impact to your credit score. Refinance your mortgage with peace of mind.


Mortgage refinance boom goes bust as rates shift higher  CNBC

A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.


If You Ever Want To Retire, Here's The Best Way To Refinance Your Mortgage  Forbes

The usual reasons to refinance are to reduce the monthly payment or to raise cash. The third option, which is under-appreciated, is to shorten the period of ...


Mortgage Rates Drop Again -- Homeowners Can Save Hundreds Per Month By Refinancing  Forbes

Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%—down ...


4 irresistible perks of a VA mortgage refinance  Bankrate.com

Interest rates are near historic lows, and one particular VA loan refinance option that is easy to qualify for can enable homeowners to save thousands on their ...


What to consider before determining whether to refinance your mortgage  Washington Post

REAL ESTATE MATTERS | For a home-run refinance, try to find a deal that helps you do these four things: lower your interest rate, shorten your loan term, lower ...


Freddie Mac CHOICERenovation construction / renovation loan: 2019 guidelines  The Mortgage Reports

The CHOICERenovation (sometimes written “Choice Renovation”) mortgage from Freddie Mac gives borrowers a new option to buy and fix-up homes without ...


Refinance mortgage rates mixed for Saturday  Bankrate.com

Refinance rates were mixed today. See what that means for you if you're in the market for a mortgage.


Refinance mortgage rate moves higher for Wednesday  Bankrate.com

Refinance rates were mixed, but one key rate were higher. See what that means for you if you're in the market for a mortgage.


Refinance mortgage rate moves higher for Friday  Bankrate.com

Refinance rates were mixed, but one key rate were higher. If you haven't locked a refi yet, see how your future mortgage payments could be affected.


Refi Closings for Millennials Taking Longer  National Mortgage Professional Magazine

A combination of lower rates and more Millennial homebuyers has resulted in a refinance closing rate that took six days longer from April to May, according to ...


Mortgage refinance checklist: what you need to refinance your home  The Mortgage Reports

This handy mortgage refinance checklist tells you what you need to do before refinancing. Get your paperwork in order and know your refinance goals to speed ...


Mortgage rates decrease for Friday  Bankrate.com

Multiple benchmark mortgage rates decreased today. If you haven't locked yet, see how your finances could be affected.


Cash-out mortgage refinancing: Here’s where homeowners are using it most  Bankrate.com

Homeowners who snagged a low-interest mortgage in recent years generally avoid refinancing the loan because interest rates are higher now. When they need ...


Mortgage loan rates decrease in the El Paso market  KTSM News Channel 9

Mortgage rates are decreasing and are projected to continue on that path. Loan officers and real estate agents in El Paso tell KTSM more people who previously ...


Mortgage rates are low. Here's how to figure out if you should refinance  NBC News

Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage.


Laguna Woods residents complain about the lack of co-op lenders  OCRegister

Second of two parts. Linda Nearing is equity rich and cash poor. Nearing bought a Laguna Woods co-op with her late husband in 2002, with financing by ...


Mortgage applications surge on refinances as rates hit 21-month low  USA TODAY

As mortgage rates fell to the lowest level since September 2017, mortgage applications surged 26.8% last week, led by an increase in refinancing.


Refinance mortgage rate advances for Saturday  Bankrate.com

Refinance rates were mixed, but one key rate floated higher. If you're shopping for a home loan, see what that means for you.


Refinance mortgage rate drops for Tuesday  Bankrate.com

Refinance rates were mixed, but one key rate trended down. If you're shopping for a refi, see how that could affect you.


Still haven’t refinanced your mortgage? You still have an opportunity to save big  Bankrate.com

Mortgage rates seem to be the only thing that's affordable in today's low-inventory, high-priced housing market. This is good news for both homebuyers and ...


Nearly 6 Million People Can Now Cut Their Mortgage Payments With Refinancing |  RisMedia.com

With interest on the low side, there is a potential to refinance and save.


 

used office furnishings-supplies-equipment-desks-cubicles-service-counters for sale in Akron Ohio   Die cast model cars for sale in Akron Ohio  
used cars for sale in Akron Ohio   unfurnished homes for rent in Akron Ohio

Click here to
OfficeJax free ad space available here

Find used office equipment in Ohio at www.OfficeJax.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

www.Akron.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Akron City directory

Free Automatic Link Exchange

Flea Market World

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

iphone-4-less below wholesale prices

 

Place your AD here. Click here for more details.

Click above to place your AD here

[Back to Top]

Ohio RealEstate

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

best home remedies and do it yourself tips

Akron currency trading

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

Akron Mortgaging and refinancing

Web site design tips

 

HOME | SITE MAP

© 2012 - 2019 All Rights Reserved
Increase pagerank with HitsSurfer

free page rank checker and seo evaluation tools 

first second ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers quotes florida houston gmac washington interest only 2nd software debt consolidation reverse senior equity texas maryland options lending bad credit  option one ameriquest chase first banks emc residential california miami dallas est branch marketing home company commercial yahoo online bad credit low credit no credit