Friday , June 23 2017
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Real estate Buyer

Mortgage bank partners Lashone skill acquisition centre on loan for business startups

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By Kingsley AdegboyeIT is not just enough to acquire skill without the funds to start up an entrepreneurship of your own these days of economic recession where unemployment rate in the country knows no bound. It is against this background that AG Mortgage Bank Plc, a foremost primary mortgage institution in Nigeria, at the weekend announced its readiness to partner ...

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Mortgage Advice: Should You Use the Mortgage Broker Your Agent Referred?

Mortgage Broker

  Mortgage Brokers are often referred business by real estate agents and have long-standing relationships with them.  Like most professionals within a service industry, they also specialize in a specific type of program like USDA or FHA programs which should arise from their experience in past transactions using that loan type.  Either way, the goal for a mortgage broker should ...

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FinTrak Reassures Mortgage Banks of Smooth App Migration

FinTrack Mortgage Banks

FinTrak, an indigenous financial software developer, has reiterated the need for mortgage banks and financial institution to prepare for migration to IFRS9 financial reporting tool, which is to be effective from January 1, 2018. Speaking on the planned migration, the Group Managing Director of FinTrak Software Company Limited, Bimbo Abioye, said: “ Nigerian mortgage banks and financial houses should avoid ...

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What To Do If You Were Counting On The Mortgage Premium Cut

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About that FHA mortgage interest premium (MIP) reduction we wrote about earlier this month…well, never mind. The cut that would have “lowered premiums to 0.60 percent, saving FHA-insured borrowers with a closing date on or after Jan. 27, 2017 an average $500 this year,” said RIS Media, is dead. The official word from the Trump administration is “suspended indefinitely,” but ...

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Pace Loans Should Now Receive Greater Scrutiny

Much has been written — and rightly so — about the plight of homeowners who have made energy-conserving improvements to their homes using financing provided through a PACE (Property Assessed Clean Energy) program. Frequently, the loans are not understood by the borrowers, and they may represent a loan burden for which the borrower would not traditionally qualify. What has been ...

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