Pay Home Loan
 

Fixed Rate Mortgage And Interest Rates Going Low?

Question by me2you | Posted in Personal Finance

I have a fixed 5 year mortgage rate and few days ago my moll mentioned that because interest rates are so low at the moment it means Im overpaying and therefore it should wipe off a year or so of my mortgage. Is it exact?? Im clueless in mortgage things

Answer: If your mortgage is fixed rate, then that is the rate you'll be paying on it, regardless of what is circumstance to interest rates in general.

For example, say when you took the mortgage out they said "we'll burden you 5% interest

 
 

Why Does It Cost So Much To Get A Fixed Interest Rate Mortgage In Ireland?

Question by nothingness | Posted in Credit

I recently visited the US. Everyone I be familiar with there that has a mortgage has gotten a fixed interest rate. There is virtually no difference in cost between fixed and variable rate mortgages. You can also fix for 30 years no quandary. In Ireland

Answer: Some of the differences are due to the UK.

In the UK, getting a fixed rate mortgage involves a fee to remoteness the funds. The big lenders pay tiny reservation fees but get to accuse a few hundred pounds. Economies of scale and all that.

 
 

Do You Think Its Foolish To Have A Fixed Interest Rate Mortgage For The Next Five Years?

Question by mrchitrade | Posted in Renting & Real Estate

Fixed Rates rate more on repayments but secure your budget and if interest rate go up but highly unlikely fist now.
Should I go for variable? yes I know if rate goes up I pay more but if it doesnt for the next five years I will pay more anyway

Answer: Take a look at your budget and ask yourself if you can rightfully afford to take the risk of going for a variable rate (i.e. if interest rates go up, could you provide repayments or would you struggle).

If you can't afford to take that

 
 

What Is The Current Fixed Rate Mortgage Interest Rate, And What Interest Rates Were Used On The Foreclosures?

Question by . | Posted in Other - Business & Finance


 
 

How Much Can I Expect For An Interest Rate On A Fixed Interest Rate Mortgage On An FHA Loan?

Question by hmm | Posted in Renting & Real Estate

What does it depend on? Are FHA loans always the same rate on the same day, be versed what I mean?
My score is bad, the only thing I have is good credit record for the past few years.
I think it's like 580 :-(

Answer: 5% last I checked; you should positive that you can get the best rate by paying points; this is well worth the upfront expense unless you are planning to dispose of the home in the next 3-5 yrs or so...

Related Topics:

Wmc Mortgage
Lenders Reverse Mortgage
Help With Mortgage

 

30 Year Fixed Mortgage Interest Rates Near 4.25%

A vigorous mortgage rate conversation about saving money - created by Subprime Blogger. Much more mortgage rate tidings available at www ...

Personal Finance Ireland: Variable Mortgage Interest Rate Increases

by MortgageLine

EBS will bring in the charge of funding and the fait accompli that they have to become a productive convention again in degree to start paying back the loaded that the command has pumped into the world. On the one guardianship it does seem well-thought-out that they cannot at to originate a downfall on mortgages if they are to move first and become beneficial again. However this is very forcefully for mortgage customers to take as they are the ones who have effectively saved the banks with the tax payers bailouts.

Source: Personal Finance Ireland: Variable Mortgage Interest Rate Increases

© 2011 Pay Home Loan