The amount of approvals for offset mortgages and other loans continues to fall as banks seek to limit their risks as much as possible. Although many consumers are now seeking offset mortgages, few are able to find a bank willing to work with them. The result is that without an offset mortgage, many are now […]
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Offset Mortgages May Help Beleaguered Homeowners
Posted on June 19th, 2008 by Bright Light
As homeowners face the rising cost of living, many are turning to offset mortgages to get help. However, lenders are being very picky about granting approvals for offset mortgages and consumers are finding it increasingly difficult to get a new loan. Although offset mortgages are not traditionally seen as risky, most banks just are not […]
Offset Mortgages Impossible to Afford
Posted on June 13th, 2008 by Bright Light
Many are finding that rising rates on offset mortgages are making them nearly impossible to afford. Although many hope to get an offset mortgage to stave off a foreclosure, the rates for a new loan may just as high as the old. This is affecting the offset mortgage market tremendously and approval ratings and applications […]
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