Tag Archives : interest free mortgage

Fixed Rate Mortgages: How Fixed Rate Mortgages Work?

Fixed Rate Mortgages: How Fixed Rate Mortgages Work?

Fixed rate mortgages are a good deal for borrowers as they offer fixed interest rates and hence fixed monthly payments throughout the course of loan payment. Lenders may charge high payments to be sure they do not lose their profits as the interest rates keep rising. Borrowers must check for all the details involved in the loan.

Home Equity Loans

Home Equity Loans

One must go to a famous lender’s website and check out the rates he is providing. This will give a sort of idea about the ongoing rates in the market. You will then be able to decide much easily to get which loan and at what rates. The best home equity loan rates are much lower and since the home is used indirectly there is no need for a great credit Score.

Interest Only Home Loans

Interest Only Home Loans

Interest only loans are an intellectual preference especially in the short term. Interest only loans are not considered to be a long-term option. Generally speaking, five to seven years is considered to be the average time spent in one home before selling or refinancing and the interest only loan only needs to cover this period.

Mortgage Refi; Mortgage Refinance

Mortgage Refi; Mortgage Refinance

There is a detailed definition of the term, mortgage refi, surely help you out, if you want to know the details.

Variable Rate Mortgage

Variable Rate Mortgage

Variable rate mortgage is a relatively new type of Mortgage phenomenon. it is a Mortgage in which payment is made to the lender on variable Interest rates. For this purpose, different bases are used to calculate interest rate. such as their Cost of Funds indices or Rate provided by London interbank offered rate. This type of Mortgage is different from others like Fixed Rate Mortgage, Interest Free Mortgage or Balloon payment mortgage.

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