Posts tagged: Interest Rates

The Pros and Cons of Adjustable Rate Mortgage

An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index. The most common indexes used to determine the interest rates are:
One-year constant maturity treasury securities (CMT)
Cost of Funds Index (COFI)
London Interbank Offered Rate (LIBOR)
A lending institution’s [...]

Saturday October 30th, 2010 in , , , , , , , , , , , , , , , , , , , | No Comments »

The Down Payment and Mortgage Relationship

Most people automatically look for the lowest down payment option on mortgages. This knee jerk reaction is not always the best way to go.
The Down Payment and Mortgage Relationship
A down payment is usually required when obtaining a mortgage. Although there are some down payment free mortgages available, these can generally tend to carry higher interest [...]

Saturday September 25th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Re-mortgaging the benefits

Banks are reporting that the numbers of customers re-mortgaging their properties is at its highest ever. Most of these customers are seeking to take advantage of two important trends in the economy. The first is that lower interest rates, and increased competition among banks and financial institutions is leading to better and better deals being [...]

Saturday April 17th, 2010 in , , , , , , , , , , , , , , , , , , , | No Comments »

Pay It Down Quick – Using Refinancing To Shorten the

Pay It Down Quick – Using Refinancing To Shorten the Length of Your Mortgage
Chances are years ago, when you took out your mortgage, you took it out for 30 years or more. You were just starting out in life, money was tight and your salary was still on the lower side of the pay [...]

Saturday March 20th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »