U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years.
Read more: http://www.cnbc.com/id/101410054
Tag Archives: payments
From rent payments to a mortgage, Edmontonians take the plunge into real estate
Edmontonian Lindsay Fitcher opted for a mortgage instead of monthly rent payments.
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More borrowers will struggle to pay off home equity loans
As home prices rise and the economy recovers, fewer borrowers are falling behind on their mortgages, or at least on their primary mortgages.
Read more: http://www.cnbc.com/id/101268460
Late-payment rate on mortgages down in 3Q
Fewer U.S. homeowners are falling behind on their mortgage payments, aided by rising home values, low interest rates and stable job gains.
Read more: http://www.cnbc.com/id/101189975
More Canadians in debt and making lower monthly payments
A new poll suggests that more Canadians are in debt this year and taking longer to settle their accounts.
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Pick the right term, pay off mortgage faster
The trick to making a mortgage disappear faster is to minimize your total borrowing cost. And nothing dictates total borrowing cost more than the term you chose.
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City retires $5 million debt
Dry conditions in and around St. Albert means the city is unlikely to hold a mortgage burning party, but staff are pretty happy they have officially retired one of its few remaining debentures.
Ed Kaeming of the city’s finance department confirmed the city on Wednesday officially paid off the $5.568 million debt it took on to build the Public Works Jack Kraft Facility. Completed in 1999, the 48,000 sq. ft. building houses the city’s public works crews and equipment, as well as its office of the environment.
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Property tax arrears rising in town
As Okotoks officials sit down to discuss details of the next year’s operating budget and property tax increases this week, it’s apparent it is becoming more difficult for some residents to keep up with their tax bills.
Provincial property tax sale information reveals the number of Okotoks properties advertised for auction because of tardy property tax payments has risen in the past five years, from two in 2008 to 22 this year.
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