Refinancing Home Mortgage Loan » Home Mortgage Rates

Mortgage rates bounce back – Evaluating the factors that influence the interest rate

Bob W. Flaxton — Fri, 08 Jul 2011 14:48:34 +0000

According to recent reports, mortgage rates bumped up in the first week of July, 2011, as the investors set aside their concerns over the grave Greek debt disaster and became more confident about the US housing market. The 30 year mortgage loan rose 5 basis points to 4.71%, as per the [...]

Benefit from Low Mortgage Rates

Bob W. Flaxton — Sun, 11 Oct 2009 18:25:10 +0000

When financial institutions have all published their rates in 2008 and 2009, everybody known they would be at an historical low rate! For example, one can find a fixed closed mortgage rate for one year at only 3.90%.

With those cuts in interest rates, there is nothing comparable since 1980.

If you look to 5 years [...]

Wrong Popularity of Fixed Mortgage Rates

Bob W. Flaxton — Sat, 10 Oct 2009 20:28:27 +0000

When interest rates go down, it encourage house buyers to choose fixed rate mortgages. If you read previous articles about fixed or varying rate mortgage loan, you already know that varying rates remains a winning strategy for the foreseeable future.

Moreover, according to economists, varying rate will be the best option over the next few [...]

Fixed or Varying Rates for Mortgage Loans?

Bob W. Flaxton — Fri, 09 Oct 2009 23:40:45 +0000

If you compare for the same term, the varying mortgage loan rates is lower than the fixed loan because its rate is guarantee to remain unchanged for the duration of the loan. It could be tempting, but this strategy implies some hazards…

Varying home mortgage rates

This option is more interesting when, over the entire [...]

Negotiate your Home Mortgage Loan is Profitable

Bob W. Flaxton — Sun, 04 Oct 2009 17:48:56 +0000

Very few people can buy their home cash… It is the reason why borrowing through a home mortgage loan is inevitable. And in order not to have too high monthly payments, you must assess your ability to borrow before shopping for your future beautiful house.

A house can be very expensive. And you have to [...]

Home Mortgage Loan Interest Rates

Bob W. Flaxton — Sun, 13 Sep 2009 18:08:26 +0000

The home mortgage interest rate you will get with you bank is another very important financial factor to consider when you get a mortgage loan. Why? Because it will greatly affect your payments.

If your bank grants you a low rate for your home mortgage, you can consider buying a more expensive house. But be [...]

Choose the Right Mortgage Consultant

Bob W. Flaxton — Fri, 11 Sep 2009 00:57:30 +0000

As we saw in a previous article, there are three types of home mortgage consultants. So, is it better to work with a broker, a mortgage seller or employees of banks?

There are excellent employees in banks, excellent sellers and excellent brokers. But one thing is sure: the expertise and integrity is really important.

Is [...]

Mortgage and Refinancing Home: Time to Buy?

Bob W. Flaxton — Thu, 10 Sep 2009 15:55:18 +0000

Even if rates are very attractive, bad economic news and the recession hold back buyers to get their first home… Even if the economy is not in best health, interest rates of some banks, it could be time to get your first mortgage or refinancing home.

For few times, the phone rings a lot in [...]

Refinancing Home: a Mortgage Loan after Rates Rise?

Bob W. Flaxton — Wed, 09 Sep 2009 21:20:56 +0000

Knowledge is power. So, why should you keep an eye on interst rates after refinancing home? Because the more you know about them and the sooner you will find solutions when rates will increase.

If you know what you could pay if your mortgage loan increase after refinancing home, it is time to develop a [...]

Refinancing Home to get a Lower Mortgage Loan?

Bob W. Flaxton — Wed, 09 Sep 2009 20:55:15 +0000

Did you know interest rates could profoundly affect your financial situation? If you know that, you also know that refinancing your home could be a solution. Indeed, doing it in order to get lower rate with a new mortgage loan can have a significant impact on your ability to do your monthly payments.

First of all, [...]

Renegotiate Home Mortgage Loan for Low Rates

Bob W. Flaxton — Sat, 05 Sep 2009 18:05:22 +0000

Did you know that renegotiate your mortgage is the same thing than refinancing it? Read this article before.

Do you think you can renegotiate your home mortgage in order to get better rates? More accountants, brokers and financial planners often recommend it to their customers, especially when fixed rates are so low.

Examples and advices [...]

Renegotiate When Mortgage Rates are Down?

Bob W. Flaxton — Sat, 05 Sep 2009 16:40:29 +0000

Did you know that renegotiate your mortgage is the same thing than refinancing it?

What happens if rates go down? Would it be better for you to renegotiate your mortgage to get a better interest rate? Of course, you will have a penalty for starting from scratch. But the situation may now be different.

With [...]

Rates Down: Time to Renegotiate your Mortgage Loan?

Bob W. Flaxton — Sat, 05 Sep 2009 00:19:13 +0000

Did you know that renegotiate your mortgage is the same thing than refinancing it? Read this article before.

For few months now, banks lower their rates. How to enjoy this situation even if your mortgage contract will last for several years? Here are possible answers.

It is the kind of reduction that gives pleasure! For [...]

Mortgage Rates: How to know them?

Bob W. Flaxton — Fri, 04 Sep 2009 15:22:54 +0000

A great number of investors, banks and government included, would be happy to accurately predict the direction of mortgage rates!

Even if we know all the relevant data about rates, we will not be able to accurately predict whether rates will fall by ½% or ¼%, or if they grow up next week or next [...]

How to predict Home Mortgage Rates?

Bob W. Flaxton — Fri, 04 Sep 2009 14:45:58 +0000

If we want to accurately predict where mortgage rates are running now, we will need a long term view of the past in order to help predict future. Unfortunately, this view is not easy to get, but we will present ideas of how to figure out how to predict rates.

First, let’s examine factors involved [...]

Two rules of mortgage rates cycles

Bob W. Flaxton — Mon, 31 Aug 2009 03:14:21 +0000

When you want to get a good mortgage strategy, we see in the previous post that there are three different possible scenarios. In this post, we will see the two rules of interest rates cycles and other interesting information!

The first economic rule of interest rates: Interest rates follow inflation. When the index of consumer [...]

Other things you must know to get good mortgage rates

Bob W. Flaxton — Sun, 23 Aug 2009 19:50:59 +0000

In the previous post, we saw interesting personal parameters to follow in order to get the lowest home mortgage rates. Here are other parameters, more external to you, to consider when you buy your home.

The term of home mortgage

Term will also determine your accessibility to the best available interest rate.

A short-term mortgage loan [...]

What personal parameters give you good mortgage rates?

Bob W. Flaxton — Sun, 23 Aug 2009 18:36:04 +0000

In the previous post, we saw some interesting personal parameters to follow in order to get the lowest home mortgage rates. Here are more parameters to consider when you buy your home. Higher is the amount of your financial contribution when you buy your home, more credible will appear your credit file during banks’ analysis.

[...]

Personal parameters to follow for good mortgage rates

Bob W. Flaxton — Sun, 23 Aug 2009 18:07:00 +0000

To get the best home mortgage rates, banks have to consider general characteristics of ideal borrower. To determine the financial condition of credit you will be able to get, banks will required to assess your risk level.

If your risk assessment is low, banks will be more willing to offer you their best interest rates. [...]

A better solution to save than getting lower mortgage rates

Bob W. Flaxton — Sun, 23 Aug 2009 16:57:07 +0000

In the previous post, we saw that something is more important than the best interest rates! Here are two more facts to help you save money!

Second fact: Find other ways that help you save you money. For example, flexible mortgage interest rates could be less expensive than fixed ones.

In 2001, Dr. Milevska from [...]

How to beat the best mortgage rates?

Bob W. Flaxton — Sun, 23 Aug 2009 02:40:08 +0000

Would you want to learn something to save more than getting the best interest rates? Almost everyone wants to know where to get the best rates. But there is something more important! Here are three important facts to know how you can beat this strategy.

First fact: Understand the impact of better interest rates on [...]

When should you consider to refinance home?

Bob W. Flaxton — Sun, 23 Aug 2009 02:02:57 +0000

An important question to consider is under what circumstances it is beneficial to apply for mortgage refinancing. Here are some options to consider before to go.

First of all, if the interest rate of the market has dropped two points below your current rate, you could seriously consider refinancing your home. If you see your [...]

Important points to consider avoiding mortgage refinancing penalties

Bob W. Flaxton — Fri, 21 Aug 2009 14:29:12 +0000

Here are some questions you could ask yourself when you think about a refinancing your mortgage in order to avoid penalties.

1. What are we talking about when we talk about interest rate differential in mortgage refinancing?

If we take as example the agreement with a major American bank, the interest rate differential is the difference [...]

Beware penalties when you refinance your home!

Bob W. Flaxton — Fri, 21 Aug 2009 05:26:17 +0000

If you are looking to refinance your mortgage, the calculation of prepayment penalty is crucial. Why? Because the fee may be high, so high that it could cancel the savings.

Even if they often deny it, banks blurred the calculation of the penalty they impose in the early repayment of the loan, a very important [...]

How to get good home mortgage rates?

Bob W. Flaxton — Fri, 21 Aug 2009 01:09:56 +0000

Figures and studies often show that many consumers do not check interest rates and accept it without negotiating the terms their bank offers. Banks are aware of this situation and, hoping to get more revenue, hide the facts that they offer higher mortgage rates instead of the lowest one they can offer.

Banks’ policy and [...]