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Can a country have two set of interest rate one for commercial lending and the other for personal lending and mortgage?
Kschan
An entity (country, corporation, individual creditor) can lend at rate n1 to certain debtors and at rate n2 to certain other debtors.
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∙ 15y ago
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What is the good interest rate on an mortgage loan is what percent?
The answer depends on whether you are the lender or the borrower and also in the country that you get the mortgage in.
What is the lowest mortgage interest rate a potential homeowner can expect to encounter?
Mortgage interest rates differ from one city or country to another. However the lowest mortgage interest rate a potential homeowner can expect to encounter is between 4.3% to 6%.
Where can one compare mortgage rates?
There are a huge variety of websites where one can compare mortgage rates. These are specific to whatever country the person is searching for a mortgage. Some examples include websites such as Zillow, InfoChoice (Aus) and Interest (NZ).
What is the typical interest rate in Canada for a house mortgage?
Mortgage rates in Canada as in every other country can vary from day to day, city to city. Also, one must know what they can afford, such as a five-, ten-, fifteen-, etc year mortgage.
What banks offer the best low interest mortgage?
It is hard to say which banks offer the best low interest mortgage rates because there are so many banks in different areas of the country. The best thing to do is go online to CompareInterestRates website to find the best rate in ones area.
What are texas mortgage rates?
"Across the country, mortgage rates are falling
What are the mortagage choices in Australia?
Mortgage choices in Australia are similar to any other westernized country. One may pursue a privately funded mortgage or one through any variety of bank or lending institution. Interest rates will vary based on current market conditions.
Can the interest charged on your loan principal be deducted for tax purposes?
It varies on the jurisdiction under which the loan was taken out and the purpose of the loan. Generally speaking, if a loan is taken out to benefit a business, the business can claim the interest on that loan as a business expense and offset it against income. A loan taken out for personal reasons, however, does not fit that profile. Interest on a loan taken out for personal reasons, and interest on credit cards, which are basically the same thing, are not tax deductible. In the United States of America, interest you pay on the mortgage of your principal residence could be written off against income. That may not be true any longer. If you have any questions about this, I strongly recommend consulting the tax code of your country, or a competent tax lawyer.
Whom should I approach for maximum benefit of personal loan?
You should go to a well reputed bank. They offer the best personal loans in the country. They provide interest rates at most competitive rates.
Roles of commercial banks in kenya?
The role of commercial banks in Kenya is to provide an avenue to save or take loans and pay back with interest. They provide liquidity and are a good channel through which the Central Bank manages inflation in the country.
In what countries is PMI mortgage insurance available?
Private Mortgage Insurance has become available in nearly every country in the world in the past ten years. The laws pertaining to mortgage insurance varies of course in every country.
What is the average mortgage rate interest?
The average mortgage rate on the United States has gone down since the recession in 2008. Right now they are averaging between a 4% an a 6%. However, this number depends on a number of factors like the base rate, the Libor, the number of repossessions and the unemployment rate of the country.
