Review Mortgage Lenders

Apex Mortgages

Apex Mortgages - News

Montello launches £250m Real Estate Opportunity Fund
Montello has joined up with global real estate and fund professionals CBRE which will act as transaction manager, while Luxembourg Fund Partners and Apex Fund Services are assisting with the operation and administration of the Fund. The Fund is audited 

The Visible Edge Of Economic Reason [SPDR S&P 500 ETF Trust, PowerShares ...
It's that day of the month when the apex of silly attention gets focused on the BLS. Just in time to directly contradict the FOMC's "careful" What is more likely, particularly given any number of parallel economic accounts, that the economy has a

Apex Mortgage | Raleigh Mortgage | Durham Mortgage | NC Mortgage | NC VA Loan | (919) 395-8624 - (919) 395-8624 NC Mortgage 505 Clyde Farrell Road #2 Apex 27523 United States (919) 459-6512 http NC Mortgage provides Apex ...

10 Proven Ways to Boost Your Retirement Income

Data source: Calculations by author.

The table above shows that if you're only a decade from retirement, boosting your savings from $1,000 per month to $1,500 per month might net you close to $94,000 more by retirement.

Increasing your savings by that much can seem a tall order, though. You may have to think hard about how to achieve it . Skipping a pricey fancy coffee drink each day isn't a new idea, but it's powerful -- saving you perhaps $3,000 annually. Cut the cable cord and just stream your video entertainment and you might save $50 per month or $600 per year. If you're paying $50 per month for a gym membership that you don't use, canceling it can save another $600 annually. Make a few phone calls to car and home insurance companies and you may find better deals than you have now, netting hundreds of dollars in savings annually. If you smoke, consider the financial benefit of quitting -- though not an easy process, it can probably save you thousands of dollars annually.

Income misstatements on the rise

The CMHC staff research paper by Kiana Basiri and Babak Mahmoudi juxtaposed potential income misstatements from first-time homebuyers with incomes reported to the CRA between 2004 and 2014 and concluded markets with affordability challenges had higher misstatements. Also perhaps not surprising, the research paper noted a correlation between higher default rates and income misstatements.

But there was insufficient evidence that mortgage brokers are responsible for income exageration. While it’s sometimes believed that brokers shirk their duties by ignoring borrowers’ Beacon scores, the study concluded that income misstatements are not higher among mortgages originated by brokers.

First-time homebuyers, equity-poor as they are, usually pay for down payments through a confluence of their savings, loans and gifts—but they struggle to do so. Because commercial banks demand 20% down while CMHC insures mortgages with as little as 5% down, the latter is a popular option. However, where the incidents of misstated incomes rose, so too did arrears.

When do you think the mortgage crisis will reach its apex?

With 65,000 and still counting, how many more will lose their jobs to the mortgage crisis?

2 of the 13 largest lending companies have already filed for bankruptcy.

Who should be held accountable?

BOTH. it's so distressing cause I bought my house a year and a half ago and now the market dropped and it's worth 30 thousand less (all the money i saved to put into a down payment is gone) but when I signed my contract, i KNEW what it meant.