What is Interest rate on mortgage?

What is Interest rate on mortgage?
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1 Answer

Answer :

It will depend on the lender and the risk of default.
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Related questions

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.

Fixed Rate Mortgage vs. Interest Only Mortgage?

Description : Fixed Rate Mortgage vs. Interest Only Mortgage?

Last Answer : 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.

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

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.

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.

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).

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.

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.

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 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.

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.