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Today's Mortgage Terms starting with V

VA Loans:

Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate:

Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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Osborne refinance mortgage news:
Financial News
Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

Drama on the mound: the final 24 hours of a Scots institution - Herald
It was the day that saw the beginning of the end for Scotland's oldest bank. Perched high on The Mound in Edinburgh, the HBOS global headquarters, a building synonymous with financial stability, was the centre of feverish market speculation. Founded ...

Independent HBOS fight 'gaining pace' - Scotsman
THE fight to save HBOS as an independent bank is still on, one of the two "banking knights" hoping to ride to its rescue told The Scotsman last night. Sir Peter Burt, HBOS's former deputy chairman, said the battle to stop the proposed takeover by ...

Taxes to fall and then rise - bbc
On Monday, the chancellor will admit, by implication, that the government's industrial policy of the past decade has been something of a disaster. Actually to call it an industrial policy is a bit misleading - but what I mean is the Treasury's ...

HBOS takeover: Still time to save 'The Bank' - Scotsman
THE Scotsman is today demanding answers about the HBOS takeover in a bid to secure the best deal for the nation and prevent the untimely and unnecessary death of one of our most venerable institutions. The newspaper is adamant that Scotland should ...

Banks: The new welfare dependents - bbc
The Bank of England's central projection for growth is that the economy will contract at an annualised rate of about two percent some time around March or April of next year, which is when it thinks we will be at the bottom of this particularly ...

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