![]() |
|
|||||||
Mortgage Rates.This is a discussion on Mortgage Rates. within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; How important, is it to shop around for mortgages? How many places would you suggest trying? What is the average ... |
|
Google Ads
Advertisement
|
|
| 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. |
![]() |
|
|
LinkBack | Thread Tools | Display Modes |
|
|||
|
How important, is it to shop around for mortgages? How many places would you suggest trying? What is the average rate now? We have good credit (710-790) so wondering what we can expect?
Last edited by Eliezer; 09-10-2011 at 07:33 AM.. |
|
|||
|
Hello Check the rates below.
Mortgage Product Mortgage Rates APR 30 Year Fixed Conventional Mortgage 4.625% 4.746% 15 Year Fixed Conventional Mortgage 3.875% 4.081% 30 Year Fixed FHA Mortgage 4.375% 5.681% 30 Year Fixed Jumbo Mortgage 5.375% 5.495% 5/1 Conforming ARM Mortgage 3.375% 4.875% 5/1 Jumbo ARM Mortgage 3.500% 4.914% |
|
|||
|
size of the loan, maturity of the loan, interest rate, method of paying off the loan among others vary on each bank or private lenders. So as much as possible ask and inquire to as many lenders as possible and cut it down to the best offer.
|
| Tags |
| mortgage, rates |
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| The Fed lowered Rates by .5 bases points. Are mortgage rates lower? | Administrator | Mortgage Know-How | 0 | 10-31-2008 12:31 AM |
| Current Mortgage Rates | Texas Refinance | Home Equity Loan Rates | Administrator | Mortgage Refinancing | 0 | 05-21-2008 08:51 PM |
| Today’s Mortgage Rates | Current Texas Refinance Home Right Rates | Administrator | Mortgage Know-How | 0 | 05-04-2008 04:05 AM |
| The Fed keeps lowering short term rates but mortgage rates stay high | Administrator | Mortgage Know-How | 0 | 03-18-2008 07:23 PM |
| Open Question: Where can I find the lowest mortgage rates and refinance rates in the | Administrator | Mortgage Refinancing | 0 | 01-28-2008 05:31 AM |
| Bookmark this thread |
![]() |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
| Display Modes | |
|
|