Tag: loan

10 Mortgage Hacks Every Homeowner Should Know to Save Thousands

The average monthly mortgage cost in the United States is $1,492 per month according to data from Value Penguin. As such, it’s typically one of the largest line items on a person’s budget. If homeowners want to reduce this monthly payment faster, there are several mortgage hacks you can implement that will save you thousands of dollars on your…


Making Sense of Mortgage Options

When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…


Consumer Bank vs. Mortgage Broker: What’s the Best Option?

When you are shopping for a mortgage that fits your limited budget and tight timeline, you’re probably facing two choices: a consumer bank or a mortgage broker. A consumer bank is where you likely have your checking account. Also known as a retail bank, a consumer bank handles basic banking needs such as checking and…


World Bank Approves $150 Million Food Security Loan for Lebanon

BEIRUT—The World Bank on Monday approved a $150 million loan to help Lebanon fund wheat imports and keep bread prices stable for nine months, the country’s economy minister told Reuters. The program, known as the Lebanon Wheat Supply Emergency Response Project, still needs approval by the country’s cabinet and parliament, said Amin Salam. A World…


China Keeps Medium-Term Policy Rate Unchanged

SHANGHAI—China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday. The People’s Bank of China (PBOC) said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.85 percent…


US Offering Ukraine $1 Billion Sovereign Loan Guarantee to Bolster Economic Stability

President Joe Biden’s administration is offering Ukraine a sovereign loan guarantee of up to $1 billion to help the country’s economy as it faces the continued threat of a Russian invasion. Secretary of State Antony Blinken announced the loan offer on Feb. 14. saying that it served to help the former Soviet nation with its economy by supporting…


Canada to Give $500M Loan, Send $7.8M in Lethal Weapons to Ukraine: Trudeau

OTTAWA—Canada will provide a $500-million loan and $7.8 million worth of lethal equipment and ammunition to Ukraine as the threat of a Russian invasion grows, Prime Minister Justin Trudeau said Monday. He said the pledge is on top of a previously announced $120-million loan and non-lethal weapons that Canada has already provided to Ukraine. The…


‘Special Partnership:’ Canadian Loan of $120 Million Welcomed by Ukrainian President

OTTAWA—The president of Ukraine has thanked Canada for a $120-million loan aimed at bolstering his country’s economy amid a hostile buildup of 100,000 Russian troops and hundreds of tanks and armoured personnel carriers along its borders. Volodymyr Zelensky, through a statement issued late Friday by the Ukrainian Embassy in Ottawa, said the loan represents another…


Hawkish Central Banks Send Leveraged Loan Prices to Their Highest Levels in Near 15 Years

U.S. leveraged loan prices have surged to their highest levels since 2007 as investors snap up assets that will offer compensation with central banks moving into a rate hike cycle. Leveraged loans are often taken out by companies that have high levels of debt, usually with non-investment grade credit ratings, and are often used by…


Santa Ana Allocates $1.2 Million to First-Time Homebuyer Program

Santa Ana is expanding a loan assistance program by $1.2 million to help first-time homebuyers purchase homes within the city. Recipients can receive their loans with a zero percent interest fee. “Buying a home isn’t easy these days, so we’re thrilled to provide additional assistance to Santa Ana residents so they can sink roots here in…