#mortgages

#mortgages

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

Considering Paris Hilton is worth an estimated $300 million to $400 million, it might seem odd that she reportedly took out a mortgage on her recent home purchase. Hilton, whose vast wealth comes from 19 product lines, real estate, media and entertainment, brand partnerships, and her reality show, The Simple Life, bought actor Mark Wahlberg's former estate in Beverly Hills earlier this year for a whopping $63 million.

An increase in property down valuations, with some homes being marked down by 10% or more by surveyors, is turning deals and lives upside down, mortgage experts claim. Some believe that uncertainty around the contents of the budget may be fuelling a rise in surveyors taking a cautious stance and valuing properties at less than the agreed price. Jonathan Alvarez Herrera, at the broker Ayla Mortgages, had seen a definite uptick in down valuations in the mortgage market during recent months.

VA loans are one of the most valuable benefits available to eligible service members, veterans, and qualifying surviving spouses. Backed by the U.S. Department of Veterans Affairs , these loans make homeownership more accessible by offering favorable terms like no down payment and no private mortgage insurance (PMI). With Veterans Day right around the corner, it's the perfect time to highlight the power of this benefit

Non-QM stands for Non-Qualified Mortgage. It sounds technical, but the idea is simple: fully documented loans for creditworthy people whose finances don't slot neatly into the narrow rules used by Fannie Mae, Freddie Mac, FHA, or VA. They are not the risky products from the last housing crisis. Today's Non-QM loans are fully documented, fully underwritten mortgages that use different paperworkand common-sense analysisto show you can repay.

Buying a house with cash removes uncertainty from the transaction, as it circumvents lender requirements, leading to a smoother process for both buyers and sellers.

What we're trying to do is basically build an assumable loan tool set and process automation around this old, archaic process that no one seems to know how to do anymore.

AIB's reduction of non-green fixed mortgage rates by up to 0.75 percentage points aims to attract second-hand home buyers with lower energy ratings, easing the financial burden on borrowers looking to switch lenders.