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Home owners who missed window to refinance at risk of becoming ‘mortgage prisoners’

Some home owners who continually missed the opportunity to refinance may be held as mortgage prisoners as they will find it hard to switch to another loan with a lower interest rate. by: Phoenix Lee/ ... read more

Low-income homeowners in flood zones risk becoming 'climate prisoners' - MSN

Low-income homeowners in flood-prone areas, they found, face a flood-related AAL 3.7% higher than their neighbors on better incomes—which will be directly reflected in insurance premiums. read more

Recent borrowers at risk of becoming ‘mortgage prisoners’

Jarden estimated 10 to 15 per cent of all outstanding home loans could become ‘mortgage prisoners’ - those facing difficulty refinancing because of rising interest rates. Credit: Alamy ... read more

Banks to be stuck with 'mortgage prisoners' as those who can refinance their home loan search for a better interest rate - ABC News - ABC (Australian Broadcasting Corporation)

Banks to be stuck with 'mortgage prisoners' as those who can refinance their home loan search for a better interest rate By business reporter Michael Janda Topic: Interest Rates ... read more

‘Mortgage prisoners’ at risk amid soaring interest rates, committee hears - The Irish Times

The Central Bank has “failed miserably” to protect “mortgage prisoners” who cannot switch their loans away from so-called vulture funds, the Oireachtas Finance Committee heard on Wednesday. read more

If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners' - ABC News - ABC (Australian Broadcasting Corporation)

In December 2020, the sisters took out a $360,000 loan to build their dream home, enticed by first home owner grants and the $25,000 HomeBuilder Grant (they later missed out on the $25,000 because ... read more

Thousands of veterans face foreclosure after Trump's VA ends key mortgage program : NPR

The VA Servicing Purchase program has helped about 20,000 veterans avoid foreclosure. But Republicans in Congress have been critical of the program, saying it puts too much taxpayer money at risk. read more

Low-income homeowners in flood zones risk becoming 'climate prisoners' - Phys.org

NatWest estimated last year that 3.1% of its mortgage portfolio lies in high flood risk zones and 1.6% in very high-risk areas. Lloyds Banking Group, the UK's largest lender, says that 3.7% of its ... read more