Fixed Rate Mortgage vs. Interest Only Mortgage?

Fixed Rate Mortgage vs. Interest Only Mortgage?
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Fixed Rate Mortgage vs. Interest Only MortgageA fixed rate mortgage has the same payment for the entire termof the loan. Use this calculator to compare a fixed rate mortgageto Interest Only Mortgage.
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Option ARM vs. Fixed Rate Mortgage?

Description : Option ARM vs. Fixed Rate Mortgage?

Last Answer : Option ARM vs. Fixed Rate MortgageA fixed rate mortgage has the same payment for the entire termof the loan. The Option ARM uses a low initial rate to calculateyour initial minimum monthly ... much lower monthlypayment than a traditional fixed rate mortgage, or even anadjustable rate mortgage (ARM).

ARM vs. Fixed Rate Mortgage?

Description : ARM vs. Fixed Rate Mortgage?

Last Answer : ARM vs. Fixed Rate MortgageA fixed rate mortgage has the same payment for the entire termof the loan. An adjustable rate mortgage (ARM) has a rate that canchange, causing your monthly payment to increase ... a fixed rate mortgage to two types ofARMs, a Fully Amortizing ARM and an Interest Only ARM.

From the information given below, calculate Debt service coverage Ratio– Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6,000, Debenture Redemption Fund Appropriation of Outstanding Debentures 10%. (A) 4•06 times (B) 5•06 times (C) 6•06 times (D) 7•06 times

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

When an ARM (adjustable rate mortgage) adjusts, does only the interest rate change, or is the balance re-amortized for the remaining period?

Description : When an ARM (adjustable rate mortgage) adjusts, does only the interest rate change, or is the balance re-amortized for the remaining period?

Last Answer : ARMs reamortize out to the original length of the contract on the adjustment date. If you make extra principal payments the monthly payments will be reduced to maintain the same maturity date. I knocked over $100 off my monthly payment in the first five years of my mortgage by making extra payments.

Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Description : Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Last Answer : From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

When to lock in mortgage interest rate?

Description : When to lock in mortgage interest rate?

Last Answer : answer:Lock it in as soon as the fed indicates that it will start to raise interest rates. I suggest you wait the lenders lower their rates in phases. A little after the Fed lowers then start to ... before they reach the lowest rate. This is my opinion based on what I have seen occur since 1994.

What is Interest rate on mortgage?

Description : What is Interest rate on mortgage?

Last Answer : It will depend on the lender and the risk of default.

How do I obtain the most favorable fixed rate mortgage?

Description : How do I obtain the most favorable fixed rate mortgage?

Last Answer : Ask what the fixed rate interest is for the desired length of loan you are looking for. Some companies will offer a really low interest rate but it is only a 15 year mortgage and not a 30. Check the ... for it. Ask what the fee is and if it is included in the closing cost estimate they gave you.

What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Description : What do you think the chances are The President and Congress get rid of mortgage interest and property taxes being a deduction on federal income taxes?

Last Answer : From what I hear, it is Republicans who are talking about closing “loopholes” and capping deductions more than Democrats. But whether it, or anything will happen, I don’t know. And I doubt it could effect this year’s taxes anyway.

Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Description : Now that the Fed has lowered interest rates another quarter point is it time to refinance our home mortgage?

Last Answer : It depends what rate and term you have now. Add in closing cost to what you owe and do an amoritization. Then compare it to where you are at now.

husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Description : husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?

Last Answer : “husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”

Where can I find information about current mortgage interest rates?

Description : Where can I find information about current mortgage interest rates?

Last Answer : You can find information about current mortgage interest rates at www.bankrate.com. Another good site is www.interest.com/ Mortgage interest rates change each business day. Rates are published in major ... USA Today. In addition, you can check bankrate.com to compare specific bank interest rates.

how do I find my mortgage interest rates ?

Description : how do I find my mortgage interest rates ?

Last Answer : If you are unsure of what you are currently paying on your mortgage, you should contact the bank, credit union, or broker who is in charge of your policy.

What is the national average right now for mortgage interest rates?

Description : What is the national average right now for mortgage interest rates?

Last Answer : The national average for a 30 year fixed mortgage rate is 4.89%. This rate can either increase or decrease depending on the loan ammount. As of March 6, 2010, the national average mortgage interest rate ... 5.31%. The national average mortgage interest rate for a 15 year fixed rate loan is 4.68%.

How can I find out what the mortgage interest rates are?

Description : How can I find out what the mortgage interest rates are?

Last Answer : Go to http://www.bankrate.com/ and select the type of mortgage you're interested in. It will give you a spread of rates.

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

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

Last Answer : A website titled, "Mortgageloan.com" gives great information on Virginia mortgage rates and even lets you compare to other locations. Check it out!

What is the pattern of mortgage interest rates?

Description : What is the pattern of mortgage interest rates?

Last Answer : Right now interest rates are falling to all time lows. They will eventually go back up, but for right now they are low and continuing to fall.

Where can I find out about the different mortgage interest rates?

Description : Where can I find out about the different mortgage interest rates?

Last Answer : If you want to find out about fixed and variable mortgage interest rates i think you should to go http://www.nca.ie/nca/mortage-interest-rates https://www.moneyadviceservice.org.uk/en/articles/mortgage-interest-rate-options or http://www.uswitch.com/mortgages/mortgage-interest-rates/

Does a mortgage amortization table show me interest paid?

Description : Does a mortgage amortization table show me interest paid?

Last Answer : Yes, most mortgage amortization tables will show you both the principal paid and the interest paid over every year of the life of the loan. There are many free amortization calculators online, including one at http://www.myamortizationchart.com.

What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Description : What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Last Answer : You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.

What makes mortgage interest rates change?

Description : What makes mortgage interest rates change?

Last Answer : Many factors determine mortgage interest rates. Most of it will depend on the economy and the glut or scarcity of houses that are available.

Which banks offer the lowest mortgage interest rates?

Description : Which banks offer the lowest mortgage interest rates?

Last Answer : It depends on your situation. Some banks will be able to give you better rates than others who usually are higher and vice verse.

How can a person lower their FIXED APR monthly mortgage payment?

Description : How can a person lower their FIXED APR monthly mortgage payment?

Last Answer : answer:Carving out the taxes and insurance does lower your monthly payment, but it doesn't really lower how much money comes out of your checking account overall. So it is really an illusion. Other than what ... the mortgage. I will be curious to see if someone can come up w/ something for you .

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

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

Last Answer : Current mortgage rates for a 30 year fixed in Dallas would be about $ 600.00 a month. If you are in good standing and have credit payments may be less.

A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above

Description : A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above

Last Answer : B. Convertible Clause Explanation: A provision that can be found on some bonds allowing the bondholder to exchange their debt into common stock.

A long-term security yielding a fixed rate of interest, issued by a company is called ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Description : A long-term security yielding a fixed rate of interest, issued by a company is called ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Last Answer : B. Debentures Explanation: A debenture is a type of debt instrument that is not secured by physical assets or collateral. Instruments issued by companies are called debentures. The difference between the two is actually a function of where they are registered and pay stamp duty and how they trade.

If generally interest rates in nation increase, a corporate bond with a fixed interest rate will usually A. increase in value B. remain unchanged C. decrease in value. D. be returned to corporation.

Description : If generally interest rates in nation increase, a corporate bond with a fixed interest rate will usually A. increase in value B. remain unchanged C. decrease in value. D. be returned to corporation.

Last Answer : C. decrease in value.

A perpetual bond does not have a fixed _________. a) interest rate b) maturity period c) duration d) underlying asset

Description : A perpetual bond does not have a fixed _________. a) interest rate b) maturity period c) duration d) underlying asset

Last Answer : b) maturity period

The fixed-rate payer in an interest-rate swap has a position equivalent to a series of ____________. a) long interest-rate puts and short interest-rate calls b) short interest-rate puts and long interest-rate calls c) long interest-rate puts and calls d) short interest-rate puts and calls

Description : The fixed-rate payer in an interest-rate swap has a position equivalent to a series of ____________. a) long interest-rate puts and short interest-rate calls b) short interest-rate puts and long interest-rate calls c) long interest-rate puts and calls d) short interest-rate puts and calls

Last Answer : b) short interest-rate puts and long interest-rate calls

Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.

Description : Which type of deposit gives highest rate of interest? (a) Current deposit (b) Fixed deposit © Recurring deposit. (d) None of these.

Last Answer : (b) Fixed deposit

The Code of Civil Procedure (Amendment) Act, 1999 as well as the Amendment Act, 2002 were held constitutionally valid in (a) T.K. Rangarajan Vs. Govt. of Tamil Nadu (b) Selam Bar Association Vs. Union of India (c) State of Punjab Vs. Sivaram (d) Centre for public interest Vs. Union of India

Description : The Code of Civil Procedure (Amendment) Act, 1999 as well as the Amendment Act,  2002 were held constitutionally valid in (a) T.K. Rangarajan Vs. Govt. of Tamil Nadu (b) Selam Bar Association Vs. Union of India (c) State of Punjab Vs. Sivaram (d) Centre for public interest Vs. Union of India

Last Answer : (b) Selam Bar Association Vs. Union of India

106. What type of data is useful to find out the fixed energy consumption? a) SEC Vs production b) SEC Vs Energy c) Production Vs energy d) None

Description : 106.What type of data is useful to find out the fixed energy consumption? a) SEC Vs production b) SEC Vs Energy c) Production Vs energy d) None

Last Answer : Production Vs energy

What do you guys think about an Adjustable Mortgage Rate (ARM)?

Description : What do you guys think about an Adjustable Mortgage Rate (ARM)?

Last Answer : Be very careful and know inside and out the terms of your ARM. I know people who had loans they thought they could refinance only to learn all they had to do was be late on one payment and their refinance option was voided.

What should I look out for when I am signing the papers on my new mortgage rate?

Description : What should I look out for when I am signing the papers on my new mortgage rate?

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?

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

Last Answer : If you can pay off your loan in 5 years it’s a smoking deal – otherwise unless you refinance into a 30-year fixed later you’d get screwed over.

What is the going rate to have someone negotiate a mortgage modification for you?

Description : What is the going rate to have someone negotiate a mortgage modification for you?

Last Answer : I locked in at a fixed rate of 6.37 earlier this week. It might have gone down from there. I'm also refinancing thought so this might not be very much help. What are the exact terms you ... about working with an actual bank in a refinancing capacity. What you are talking about sounds kind of shady.

Blended Rate Mortgage Calculator?

Description : Blended Rate Mortgage Calculator?

Last Answer : Blended Rate Mortgage CalculatorThe high price of homes has many buyers trying to get 100% ornear 100% financing. One option is to acquire two mortgages. Thiscalculator helps you determine the effective, or ... would pay if you use a first and a second mortgage tofinance the purchase of your home.

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

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

Last Answer : You can search many institutions or banks or lenders in your area and get the content of each of them about the quotes that they offer. Be certain to present your financial information below prepared and honesty.

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

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

Last 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.

Rent, interest on fixed capital, depreciation of building, taxes and wages of the permanent labourers constitute

Description : Rent, interest on fixed capital, depreciation of building, taxes and wages of the permanent labourers constitute

Last Answer : Ans. Fixed Costs

Which is an interest-free period that is to be given by a creditor to debtor? A. Fixed Period B. Preset Period C. Grace Period D. None of the Above

Description : Which is an interest-free period that is to be given by a creditor to debtor? A. Fixed Period B. Preset Period C. Grace Period D. None of the Above

Last Answer : C. Grace Period Explanation: The grace period is the provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date. During ... will be charged, and the late payment will not result in default or cancellation of the loan.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Description : No interest is paid by banks on 1. Recurring deposits 2. Current deposits 3. Saving deposits 4. Fixed deposits 5. None of these

Last Answer : Current deposits

Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges

Description : Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges

Last Answer : D) Repair and maintenance charges

When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________. A. Operating activities, financing activities B. Financing activities, investing activities C. Investing activities, operating activities D. None of the above

Description : When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________. A. Operating activities, financing activities B. ... activities, investing activities C. Investing activities, operating activities D. None of the above

Last Answer : B. Financing activities, investing activities

The items of fixed cost are: a. Depreciation and labour b. insurance and repair c. Taxes and fuels d. Interest and housing

Description : The items of fixed cost are: a. Depreciation and labour b. insurance and repair c. Taxes and fuels d. Interest and housing

Last Answer : d. Interest and housing

Can a house be considered community property, if there is only one Name on the mortgage?

Description : Can a house be considered community property, if there is only one Name on the mortgage?

Last Answer : If you are married in a community property state, then yes, it is a community property. The mortgage is irrelevant - it is whose name on the deed that determines ownership.

If my wife has a house in her name, only, and she dies am I responsible for the mortgage?

Description : If my wife has a house in her name, only, and she dies am I responsible for the mortgage?

Last Answer : Only if your wife leaves the house to you as an inheritance are you legally responsible for her mortgage upon death.

In a counter-current liquid extractor (A) Both liquids flow at fixed rate (B) Both liquids can have any desired flow rate (C) Only one of the liquids may be pumped at any desired rate (D) Liquid’s flow rate depends upon the temperature and pressure

Description : In a counter-current liquid extractor (A) Both liquids flow at fixed rate (B) Both liquids can have any desired flow rate (C) Only one of the liquids may be pumped at any desired rate (D) Liquid’s flow rate depends upon the temperature and pressure

Last Answer : (C) Only one of the liquids may be pumped at any desired rate