Mortgage lenders prefer certainty to chaos. Some lenders take this concept to its logical conclusion in mortgages by inserting prepayment penalty clauses.
Who Wants Low Mortgage Rates?
Who doesnt want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove profitable.
Despite the reported increase of previously low mortgage rates, rates today are still low enough to consider a mortgage refinance for your home. The Internet provides you with …
Why Mortgage Rates Rise When the Fed Cuts Rates
Short term loans like car loans, credit cards and home equity loans are automatically lowered with Federal rate cuts because they are based on the Prime rate.
Mortgage Loans Should I Refinance Now with Rates Increasing?
Mortgage rates are rising. Is now the time to refinance? Give it some thought, perhaps it is the right time.
Mortgage Rates – The Benefits of Refinancing
So you’ve lived in your home for some time now and have been content mailing off your mortgage payment every month. Yet when you turn on the nightly news you see that mortgage rates are 1% lower than what you locked into 10 or 15 years ago and realize quickly that you may be paying more money than you have to in interest rates on your mortgage.
Mortgage rates are rising Energy prices are high Inflation coming?
Mortgage rates are rising. The Fed Chairman indicates higher prices are coming for interest.
Reasons to Refinance When Rates Are Moving Up
Thinking of refinancing even though rates are increasing? You are not alone, here are some valid reasons to refinance as mortgage interest rates rising.
Inflation Worries Cause Mortgage Rates to Rise
Inflation worries, lead by reports of a jump in consumer spending November along with a rise in inflation during the same period, have caused major lending institutions to raise their 30-Year mortgage rates to above 6 percent. The average rate rose to 6.17 percent in some markets, compared with less than 5.96 percent just three weeks ago.
Jumbo Mortgage Rates
Mortgage rates such as Jumbo rates vary quite a bit. Jumbo loans often provide you with options such as fixed-rates.
Mortgages And Interest Rates
Interest rates can affect the type of mortgage you choose and dictate when its wise to make a change. Here are a few of the factors that can be affected by a swing in interest rates:
Choosing a mortgage
When interest rates are rising, a fixed-rate mortgage is usually a good choice, since it locks in the current rate and protects you from the higher rates to come. When rates are falling, an adjustable-rate mortgage (ARM) becomes more attractive, as its interest rate chan…
How To Save Money On Your Mortgage
Understandably, when most home buyers look for a mortgage, their top priority is to get the lowest monthly payment. But its a better idea to look at how much its going to cost you over the long term, in both interest payments and fees. By looking at these costs, you can save a significant amount over the years.
Even if you already have a mortgage, there are still a number of strategies you can use to reduce the total amount of interest youll pay. Most of these accelerat…
Commercial Mortgage Loans
Commercial Mortgage Loans are specially tailored for purchasing property that can be used for commercial use, the expansion for current business premises, and any residential and commercial investment as well for property development.