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This is a discussion on Mortgage Rates... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Financing the purchase of a home with a low-interest mortgage can help maximize the benefits of home ownership. One of ...


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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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Old 07-21-2010, 11:04 AM
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Financing the purchase of a home with a low-interest mortgage can help maximize the benefits of home ownership. One of the easiest and most efficient ways to find low mortgage rates is to look on-line. Sites such as ERATE.com feature tables that aggregate rate information from various lenders on a single table.

The columns on these tables are able to sort lenders by rate, fees, or estimated monthly payment to help home buyers find the best deal for them. Furthermore, the tables on ERATE.com frequently feature lenders, such as AimLoan.com, who offer rates well below the national average. It is obvious that every company may offer different mortgage rates and some may offer same. The best way to find the mortgage rate is to direct contact the company form where you are interested to go for a mortgage. Is there any other best way that you can suggest ?

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Old 07-27-2010, 04:16 AM
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For me I personally never prefer to buy a home via interest rates. Interests are never permitted by God as well. It is true that there are many online companies offering mortgage loans and refinancing programs and one who is willing for to have right mortgage or refinance plan can consult with them.
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Old 07-27-2010, 10:18 AM
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Originally Posted by henry123 View Post
For me I personally never prefer to buy a home via interest rates. Interests are never permitted by God as well. It is true that there are many online companies offering mortgage loans and refinancing programs and one who is willing for to have right mortgage or refinance plan can consult with them.
Yes of course it should not prefer some one to have a loans with monthly interest, but can find the loan without interest rates ? and if some one is not capable to prefer any properties by cash so they need a loan compulsory.

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Old 08-19-2010, 05:57 PM
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It's always better consult in person about mortgage rates than checking it online.
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