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3% or lower is seen as low and 8% or higher is seen a high. the lower you can get that better and if you can get a fixed mortgage its better then if you get an adjustable.
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∙ 12y ago
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What effect does a credit score have on a mortgage?
The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.
How can one get a low rate on the mortgage refinance?
There are several ways a person can get a low rate on the mortgage refinance. A person can get a lower rate on their mortgage if they make the payments longer, making the monthly payments be less.
What is considered a good refinance rate for a mortgage in Florida?
A good refinancing rate for a mortgage loan in Florida would be a very low rate. A rate under 5% would be a very good refinancing rate for a mortgage loan.
What is the advantage of a convertible adjustable-rate mortgage?
This type of mortgage vehicle gives the borrower the benefit of a low initial rate with the option to refinance to a fixed-rate mortgage at about half the typical refinance cost.
What are the lowest mortgage interest rates you can get?
The lowest mortgage interest rates one can get are typically near the government base rate. In the UK the base rate has been low for some time so mortgage rates can be as low as 2%.
What are the requirements for acquiring an low rate mortgage?
The easiest way to get a low rate mortgage is to have as large a deposit as possible. A high credit rating is also essential as this shows that the borrower is lower risk.
What effect does a credit score have on a mortgage?
The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.
How can one get a low rate on the mortgage refinance?
There are several ways a person can get a low rate on the mortgage refinance. A person can get a lower rate on their mortgage if they make the payments longer, making the monthly payments be less.
What is the purpose of a house mortgage rate?
A mortgage rate refers to the percent of interest one will have to pay on a home loan. A lot factors into how high or low this rate is, including applicant's credit history, when the loan is applied for, which institution issues the loan and so on.
Where can I get a low fixed rate mortgage loan?
If you are interested in getting a low rate fixed mortgage loan, many banks offer this. Specific banks that specialize in the low rates are BMO and Scotiabank.
How high are mortgage fees right now?
The mortgage fees right now are quite low due to the economy. An all time low on many loan types, like the fixed rates loans. If you are looking at a fixed rate mortgage you can find alot of loans for less than 4.5% which is low.
What is considered a good refinance rate for a mortgage in Florida?
A good refinancing rate for a mortgage loan in Florida would be a very low rate. A rate under 5% would be a very good refinancing rate for a mortgage loan.
What is a high mortgage rate?
Today? 7%
How can I get a low rate on my commercial mortgage?
I would start by going to different banks and finding out what your rate would be. There is not many other ways to have your mortgage rate reduced.
What is the advantage of a convertible adjustable-rate mortgage?
This type of mortgage vehicle gives the borrower the benefit of a low initial rate with the option to refinance to a fixed-rate mortgage at about half the typical refinance cost.
What are the lowest mortgage interest rates you can get?
The lowest mortgage interest rates one can get are typically near the government base rate. In the UK the base rate has been low for some time so mortgage rates can be as low as 2%.
Can you get a mortgage with a FICA score below 540?
Yes, there are always mortgages out there for people with low fica scores. However, the interest rate will be high.
