| Countrywide Home Loans Offers Home Mortgage Ideas That Help Make ...
Consumer Release, Calabasas, CA (PRWeb) March 20, 2007 -- Home loan interest rates at historically low levels and a variety of affordable mortgage loan options have created conditions that favor first-time home buyers. Some prospective buyers may still feel overwhelmed by the prospect of a first home purchase given the recent news coverage about falling home prices and the lack of affordability in some areas of the country. Experts at Countrywide Home Loans, Inc., a member of the Countrywide (NYSE: CFC) family and America's #1 home loan lender*, have suggestions that can make the home buying process a rewarding experience, if consumers explore all available home mortgage options and plan carefully. For your own personalized, no obligation home loan consultation, homeowners can call 1-800-768-9462 or apply on-line.
Personal finances getting 'tighter'
The succession of interest rate rises is pushing people's incomes and what they can afford, according to new figures released from the British Bankers' Association (BBA).The number of mortgage approvals dipped slightly in February, most likely after January's shock interest rate rise helped push many people to the edge of what their finances can afford.If managing your debt is proving a problem then taking a secured loan or homeowner loan could help you cut your monthly payments."[Property] demand appears to be moderating however, as the monthly number of house purchase approvals was lower than a year earlier for the third month running and net lending was below trend in February," said David Dooks, BBA director of statistics."Reflecting tighter conditions for personal disposable income, consumer credit continues to be weak," he added.Credit card lending was also weaker in February, suggesting the higher interest rates are encouraging people to move their debt onto a more affordable secured loan or homeowner loan.© Adfero Ltd .
Police discounts a potential concern
Police are back in the firing line for accepting discounted goods and services such as cheap home loans and cut-price cellphones. Although departmental policy clearly states that police officers are prohibited from accepting any form of inducement, the Herald on Sunday has learned some have been routinely taking advantage of special deals offered by the Police Association to attract members. The issue of police accepting freebies or discounted goods was highlighted in February when it was revealed fast-food joints were offering police officers discounted meals - with some store owners confessing it was a cheap method of providing in-store security. The official police code of conduct states that "no member of police shall solicit for personal gain, or accept a discount on any goods or services where that discount is offered because that person is a member of police".
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