michael sterios - Articles

Popularity
50

An Unlikely New Mortgage Market
Much has been written about the sub prime mortgage crisis in the US and even more has been said. Most analysts placed the blame for the implosion in the credit market on the adverse credit mortgage. This is a type of home loan that is issued to a borrower with... Read
By: michael sterios | 13/06/2008 | Finance
Popularity
55

Hedge Your Remortgage
What a great life it would be if we could predict future interest rates. Imagine being able to wait it out on your remortgage until such a time as interest rates dropped by several percentage points, just as you knew it would. While this scenario is better placed in a... Read
By: michael sterios | 10/06/2008 | Finance
Popularity
56

Aussie Self-Certification Mortgage Lender to be Sold
One of Australia's largest non-bank lenders has been offered up for sale by its owner GE Money - the giant American corporation with an international financial services arm. The mortgage lender has apparently been put on the market to stave off a takeover bid by its previous owner however it... Read
By: michael sterios | 09/06/2008 | Finance
Popularity
50

The Irony of Remortgages
Recent news has emerged regarding the staff of a well known lender finding themselves in a position in which they cannot refinance their own homes. Such a circumstance is quite ironic in addition to being ridiculous and shameful. The staff may not be the only home owners finding it difficult... Read
By: michael sterios | 09/06/2008 | Finance
Popularity
52

Releasing Equity With Buy-to-Let Remortgages
Equity has long been the golden egg of the property investing world. Build up enough equity in your property portfolio and you will never need to work again. Countless celebrity investors and seminar givers have championed the call for us all to buy property and build up equity so we... Read
By: michael sterios | 09/06/2008 | Finance
Popularity
50

Brokers Tell it Like it is For Self-Certification Mortgages
Self-certification mortgages have not enjoyed a good reputation in the property market in recent years. Several years ago evidence emerged that some applicants were exaggerating their incomes in order to achieve bigger loans. It was alleged that a minority of applicants may have also been lying about their incomes altogether... Read
By: michael sterios | 09/06/2008 | Finance
Popularity
50

Trouble In The Adverse Credit Mortgages Market
There are signs in the financial markets that it may soon become more difficult to obtain adverse credit mortgages. For several years now lenders have been issuing adverse credit mortgages to people with low documentation and adverse credit histories almost at will. Many adverse credit mortgages are also issued with high... Read
By: michael sterios | 02/06/2008 | Finance
Popularity
50

The Search For A Remortgage Product
Suffering from bad credit can cause problems when looking to remortgage your property. The number of lenders who will consider a remortgage if you suffer from adverse credit diminishes as the level of damage to your credit file increases. This means you should take care of your credit history as... Read
By: michael sterios | 02/06/2008 | Finance
Popularity
50

Lenders Pull Self-Certification Mortgages
One of the world's biggest finance companies has pulled its self certification mortgage range from the market with immediate effect. The huge lender has their fingers in many different financial pies all around the world which means their UK self-cert loan book is tiny in the grand scheme of things. However... Read
By: michael sterios | 02/06/2008 | Finance
Popularity
50

First Signs Of Turnaround In The Remortgage Market
It has been all doom and gloom in the remortgage market for nearly two years now. The sub prime lending crisis in the US signalled the beginning of the end of a long period of prosperity in the worldwide property market in which mortgage lenders flourished. It seemed like everyone... Read
By: michael sterios | 02/06/2008 | Finance