HSBC Bermuda Profit up Amid Home Loan Growth

A fall in loan impairment provisions and lower operating expenses after the sale of private banking operations last year contributed to the increase. Mark Watkinson, HSBC Bermuda’s chief executive officer, pointed to “continuing modest improvement” in the economy and said the bank had seen a significant rise in demand for residential home loans. In its earnings statement, the bank said […]

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Mortgage Interest Rates at BB&T Bank, HSBC Today Feb 25, 2017

BB&T Bank 30 year loan deals at BB&T Corp. (NYSE:BBT) are published at 4.375% yielding an APR of 4.459%.  The shorter term, popular 15 year fixed rate loan interest rates at the bank have been offered at 3.5% and an APR of 3.645%.   Refinance Interest Rates Standard 30 year refinance fixed rate mortgage interest rates at BB&T have been listed at 4.375% and APR of 4.459% today.  15 […]

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Citizens, HSBC: Interest Rates for Home Mortgages Feb 18, 2017

Citizens Bank The best 30 year FRM interest rates have been listed at 4.500% at Citizens Bank carrying an APR of 4.536%.  The best 30 year jumbo FRMs are being offered for 4.250% and an APR of 4.269% a bit higher than the non-jumbo loans.   Shorter term, popular 15 year loan deals are available starting at 3.625% at the bank today with an APR of 3.686%.   15 […]

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Property as investment to lose edge due to capping of tax break proposed in Budget 2017

Borrowers claiming unlimited tax benefits on interest payment towards home loans for a rented out second property will have their tax deduction capped from 1 April 2018. While individuals today use this window to set off any loss arising from property against salary or other income, without any upper limit, they will be able claim a set off only up to […]

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