With the 40 year mortgage becoming increasingly common in states such as California, where high home prices make mortgages less affordable for the average home-buyer, the latest mortgage product has been rolled out-the 50 year mortgage. During the 1980s, mortgage interest rates in America topped 18%, prompting the introduction of the 40 year mortgage. [...]
Posts Tagged ‘Mortgage Rates’
The 50 Year Mortgage-pros and Cons
Posted by admin on December 27th, 2009
Posted in Articles 
Tags: 40 Year Mortgage, 40 Year Mortgages, Affording A Home, Cons, Current Market, Fannie Mae, Few More Years, First Five Years, Home Buyer, Important Things, Initial Interest Rate, Loan Repayments, Main Stream, Mortgage Interest Rates, Mortgage Product, Mortgage Pros, Mortgage Rates, Mortgagepros, Owning A Home, Pros And Cons, Rate Period, Term Mortgages, Year 
No Comments »How a Mortgage Rate is Calculated
Posted by admin on December 26th, 2009
One of the most important parts of your mortgage is the mortgage rate – the rate of interest that you’ll pay on the money you borrow to buy your house. Often, ads for mortgage lenders make it sound as if they offer a single mortgage rate to all lenders. If that were the truth, it [...]
Posted in Articles Tags: Calculated, Commercial Banks, Credit Score, Creditworthy Customers, First Time Home, First Time Home Buyer, First Time Home Buyer Loans, First Time Home Buyers, Lowest Interest Rate, Many Different Things, mortgage, Mortgage Lenders, Mortgage Rate, Mortgage Rates, Prime Lending Rate, Rate, Rate Mortgage, Rate Of Interest, Right Mortgage, Several Points, Time Borrower, Time Home Buyer, Time Home Buyers No Comments »Mortgage Lenders Products Available Hit New Low
Posted by admin on December 25th, 2009
Moneyfacts has revealed the number of mortgage products offered by mortgage lenders for new borrowers is at its lowest value since the start of the credit crunch. One year ago mortgage lenders offered 10,726 mortgage products to new borrowers; last Friday mortgage lenders offered only 3,281 according to the financial website Moneyfacts. In July last [...]
Posted in Articles Tags: Abbey, Available, Bank Of England, Bank Of Scotland, Borrowers, Cheltenham And Gloucester, Credit Crunch, Direct Lenders, Half Percent, Half Point, Last Friday, lenders, Lloyds Tsb, Moneyfacts, mortgage, Mortgage Holders, Mortgage Lenders, Mortgage Products, Mortgage Rates, Natwest, Products, Repayments, Royal Bank Of Scotland, Variable Rates No Comments »Understanding Sub Prime Mortgages
Posted by admin on December 24th, 2009
A sub-prime mortgage is a mortgage that is extended to people who are not qualified to get the normal mortgage. Most of these mortgages are offered by the same companies that offer the mainstream mortgage but in a different lending institution. The rates for sub-prime mortgages are higher than the rates for prime mortgages thus; [...]
Posted in Articles Tags: Additional Advantage, Assumption, Credit Rating, Credit Score, Credit Scores, Enough Money, Interest Rates, Lending Institution, Mainstream, Mortgage Lender, Mortgage Rates, Mortgage Terms, Mortgages, Payment Period, People, Prime, Repayment Period, Risk, Sub Prime Mortgage, Sub Prime Mortgages, Types Of Mortgages, Understanding No Comments »Low Mortgage Rates in Texas Starts With The Loan Officer
Posted by admin on December 21st, 2009
For many Texas families looking for a first mortgage, the proposed mortgage rate can often be the one determining factor in whether or not the desired home is affordable. A low mortgage rate in this day and age is no longer a desire, it is a necessity. Low mortgage rates can make it possible for [...]
Posted in Articles Tags: Bad News, Business Mortgage, Cost Of Living, Credit Scores, Email Inbox, Financial Obligations, Financial Stability, First Mortgage, Home Ownership, loan, Loan Mortgage, Low Mortgage, mortgage, Mortgage Companies, Mortgage Loan Officer, Mortgage Loan Officers, Mortgage Rate, Mortgage Rates, Mortgage Texas, Officer, Personal Touch, rates, Starts, Texas, Texas Families, Texas Mortgage No Comments »Cabin Fever? Mortgaging for Recreation Properties
Posted by admin on December 17th, 2009
All across Canada we’re seeing the recreational property market continue to go through the cedarshingled roof. Industry experts predict another year in which buyers seeking a property may outnumber the recreational properties available. The boomers are in their peak income years and have benefited from an unprecedented climb in the valuations on their primary homes. [...]
Posted in Articles Tags: Cabin, Cabin Fever, Fever, Lending Institutions, Low Mortgage, Luxury Accommodations, Luxury Waterfront, Mortgage Rates, Mortgaging, Ocean Beach, Perfect Getaway, Principal Residence, Properties, Property Markets, Rare Occasions, Recreation, Recreation Properties, Recreation Property, Rustic Simplicity, Rustic Structures, Second Mortgage, Ski Slope, Style Cottages, Teardowns, Timeshare Properties No Comments »Taking the Guesswork Out of Adjustable Rate Mortgages
Posted by admin on December 16th, 2009
Next to critiquing the decorating taste of your home’s previous owner, playing the “adjustable mortgage game” may rank as one of the most popular (and least pleasant) pastimes of Canadian homebuyers. Here’s how it works. As you’re exploring your mortgage options, you review the long and steady slide of mortgage rates in Canada [...]
Posted in Articles Tags: Acceptance Rate, Adjustable, Adjustable Mortgage, Adjustable Rate Mortgage, Adjustable Rate Mortgages, Canadian Prime Rate, Capped Rate, Downside, Effective Rate, Guesswork, Homebuyers, Last Decade, Mortgage Game, Mortgage Options, Mortgage Rate, Mortgage Rates, Mortgages, Pastimes, Perfect Moment, Professional Money Managers, Rate, Rate Cap, Rate Environment, Taking No Comments »Homeowners are Taking Out Mortgages – not to Purchase a Home – But to Boost Their Purchasing Power
Posted by admin on December 12th, 2009
Real estate has been an outstanding investment in most parts of Canada in the past few years. Home valuations are continuing to rise and have broken through the peak of their 1989 “bubble” in many areas of the country. That’s good news for Canada’s 7. 5 million home owners, who are enjoying an average increase [...]
Posted in Articles Tags: American Economy, Boost, Canadian Households, Consumer Confidence, Dream Homes, Economic Stimulus, Estate Wealth, Fallouts, First Time Home Buyers, home, Home Equity Loans, Home Valuations, Homeowners, Key Economic Indicators, Mortgage Industry, Mortgage Loans, Mortgage Rates, Mortgage Refinancing, Mortgages, Ontario Mortgage, Power, Purchase, Purchasing, Purchasing Power, Record Numbers, Taking, Their, Time Home Buyers, Upward Trend No Comments »If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?
Posted by admin on December 11th, 2009
“Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can get very close to that floor. It is theoretically possible, we reason, to actually be ON [...]
Posted in Articles Tags: Acceptance Rate, Acceptance Rates, Benchmarks, Business Reporters, Canadian Lenders, Canadians, Else, Fall, Financial Institutions, Firstly, floor, Lending Institutions, Loan Options, Money Rates, mortgage, Mortgage Rate, Mortgage Rates, New Mortgage, Prime, Prime Lending Rate, Prime Rate, Professional Money Managers, Rate...what, rates, Rock Bottom, Slate, Through, Under, Variable Mortgage No Comments »Pick the Right Perks for your Adjustable Rate Mortgage
Posted by admin on December 9th, 2009
These are heavy days for Canadian homeowners. If you’ve been in your home even a few years, you’ve probably already enjoyed a modest climb in the value of your home. Even if you don’t intend to sell, it’s good to know that your real estate investment is doing well. But we’re also enjoying an environment [...]
Posted in Articles Tags: Adjustable, Adjustable Rate Mortgage, Adjustable Rate Mortgages, Bankers Acceptance, Canadian Homeowners, Fixed Rate Mortgages, Institutional Rate, Lending Institutions, Low Mortgage, Lows, mortgage, Mortgage Features, Mortgage Options, Mortgage Rates, Mortgage Types, New Mortgage, Ontario Mortgage, Perks, Pick, Prime Rate, Rate, Real Estate Investment, Right, Right Combination, Rock Bottom, Unprecedented Number No Comments »