How will the current bank rate affect the terms of my mortgage?

How will the current bank rate affect the terms of my mortgage?
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1 Answer

Answer :

The current bank rate is one factor to how much interest you will pay on your mortgage. If the rate is very high, your interest will also higher, limiting how much you can take out in a mortgage and what house you can buy.
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Related questions

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Description : Which bank offering the lowest mortgage rate at the current time?

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What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

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Can you help me with our bank mortgage?

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Can I refinance my mortgage with a different bank, different than the one I currently have it with?

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What happens if I walk away from my mortgage even if I have money in the same bank?

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Will a bank ever reduce the amount of your mortgage if their own appraiser was full of shit?

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How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

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I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to the bank, get a buyer, etc. Should I let him handle it or should I approach the mortgage company first to tell them about the short sale?

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Last Answer : This article was in my local paper yesterday. I've been hearing a lot about this over the past few months. You need to be very careful and ask a lot of questions. Be assertive. YOU are ... . Your tax money, in the form of the National Stimulus Package is what funds the mortgage modification program.

Is an Adjustable Rate Mortgage really as bad as I have been led to believe?

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Where can I find information about current mortgage interest rates?

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What are the current mortgage rates for a 30 year fixed in Dallas?

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I need to know current VA mortgage interest rates. Where can I locate this information on line?

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What website lists the current mortgage rates?

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How did Franklin d. roosevelts multiple terms in office affect passage of the twenty seconf administration?

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