1.   Payment, when approved, is effective from the date of the new mortgage.

2.   They persuaded investors, such as insurance companies, to buy the new mortgage bonds.

3.   Similarly, high interest rates may discourage householders from taking on new mortgages, but existing mortgages are unlikely to be reduced.

4.   The new mortgage would pay most of what I am in arrears with him you see so, which would keep him happy.

5.   Also, new mortgages carry higher rates.

6.   And the lower interest payments on new mortgages left homeowners with more money to spend elsewhere and helped pull the economy out of its downturn earlier this decade.

7.   And the rate of interest and the equity line were higher than what the market was offering for a new mortgage.

8.   Applications for new mortgages are at an all-time high.

9.   Banks have long claimed that they face tough competition, especially from new mortgage lenders that are challenging the banks with low-interest, cut-price home loans.

10.   Both Great Western and Ahmanson are making far fewer new mortgage loans than they did a few years ago.