ModaMortgages Appoints George Morgan as New Business Development Manager Ahead of Launch
ModaMortgages has appointed George Morgan as the new business development manager, focusing on the Midlands, East Anglia, and South Yorkshire. With extensive experience in mortgage advising and broker training, Morgan is set to enhance the lender’s position in the competitive buy-to-let market ahead of its launch later this year. This strategic hire, alongside industry veteran Alan Cleary’s leadership, positions ModaMortgages to meet evolving broker needs and drive innovation in the mortgage sector.
Millions of Canadians to Face Higher Interest Rates on Mortgage Renewals
Millions of Canadians are facing higher interest rates as they renew their mortgages, with approximately 2.2 million mortgages due for renewal in 2024 and 2025. Homeowners like Tom McCormick in Windsor are bracing for the impact of potentially doubled interest rates, leading to increased monthly payments. As the Bank of Canada’s key lending rate has risen to 5%, experts advise strategic planning to navigate the largest wave of mortgage renewals in Canadian history.
Rise in Popularity of FHA Loans Amid Challenging Housing Market
Learn about the rise in popularity of FHA loans, allowing buyers to make a down payment as low as 3.5% in a challenging housing market. Despite the benefits, borrowers opting for lower down payments may face mortgage insurance costs. Discover how FHA loans are catering to first-time and low- to middle-income buyers, with a focus on Millennials and Gen Zers looking to establish households in a competitive housing market.
Best Mortgage Companies to Work For 2024
Discover the Best Mortgage Companies to Work For in 2024, as ranked by National Mortgage News and the Best Companies Group. Employee engagement takes center stage in this year’s ranking, with a focus on leadership, corporate culture, and overall satisfaction. Learn about the top companies and their strategies for navigating a challenging year in the mortgage lending industry.
Sopranos Actress Turns to OnlyFans to Save Home from Foreclosure
Sopranos actress Drea de Matteo turned to OnlyFans to save her home from foreclosure, crediting the platform with clearing her debts and enabling her to start her own business. Despite initial reluctance, her racy uploads proved to be lucrative, saving her home within just five minutes of joining. Drea emotionally expressed how OnlyFans was a crucial lifeline during a difficult time, shedding light on the potential financial opportunities provided by online platforms.
Common Mistakes When Buying a Home
Aussie mortgage broker Quang Huynh highlights common mistakes people make when buying a home, including pooling money with friends or family, overreaching financially, lack of research, failure to consider lifestyle changes, and overextending financially. He emphasizes the importance of realistic financial planning and seeking professional advice before making a property purchase.
Businesswoman Denied Mortgage Due to Japanese Knotweed
A recent incident involving a businesswoman from Manchester has shed light on the impact of Japanese knotweed on property ownership. Lisa Best, 42, was denied a mortgage due to the presence of Japanese knotweed near her property, despite it not…
Mortgage holders could save $60,000 with one simple trick
Mortgage holders who are in “survival” mode could save up to $60,000 on their home loan with one simple trick. While experts predict the RBA’s rate hike cycle is close to over, many mortgage holders are still feeling the pressure…