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Loan rate is determined by how much money you earn per year and how much you are able to pay. It also has to do with your interest rate. It also has to do with stock markets, if the stock market is down it affects interest rates of those looking to buy homes.
What else can I help you with?
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How does a bank set a home equity loan rate?
A home equity loan rate is determined by the total loan amount and the individual's FICO credit score. The total loan amount is based on the net value of the house and the remaining mortgage.
Where can one find find a fixed loan rate mortgage?
There are many companies that offer one a fixed loan rate mortgage. One can get this type of mortgage from 'Capital One', 'Integrity Home Loan', 'National Mortgage Alliance' and 'First Rate'.
What is meant by the phrase fixed rate mortgage?
A fixed rate mortgage means that the loan of money will have a predetermined interest rate which will not change for a period of time. The time and rate will be determined by the current market and generally the lowest rate will be for a short time. For example a 1 year fixed rate loan may have an interest rate of 4.19% where as a 3 year loan may have an interest rate of 5.01%. This differs from a floating rate loan where the interest rate can fluctuate over the time taken to pay the loan off.
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.
If refinanced at new lowest 30year Fixed rate, what would my payment be on a 230000.00 mortgage?
Based on a 5.45% fixed rate, your monthly payment would be $1298.71
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How does a bank set a home equity loan rate?
A home equity loan rate is determined by the total loan amount and the individual's FICO credit score. The total loan amount is based on the net value of the house and the remaining mortgage.
Where can one find find a fixed loan rate mortgage?
There are many companies that offer one a fixed loan rate mortgage. One can get this type of mortgage from 'Capital One', 'Integrity Home Loan', 'National Mortgage Alliance' and 'First Rate'.
What is meant by the phrase fixed rate mortgage?
A fixed rate mortgage means that the loan of money will have a predetermined interest rate which will not change for a period of time. The time and rate will be determined by the current market and generally the lowest rate will be for a short time. For example a 1 year fixed rate loan may have an interest rate of 4.19% where as a 3 year loan may have an interest rate of 5.01%. This differs from a floating rate loan where the interest rate can fluctuate over the time taken to pay the loan off.
What is the mortgage rate calculator used for?
A mortgage rate calculator will take a person's mortgage loan amount and the interest rate associated with the loan and give you an estimated payment rate. Normally, an estimated monthly payment rate.
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.
Can you refinance an adjustable rate mortgage (ARM) loan?
Yes, you can refinance an adjustable rate mortgage (ARM) loan by converting it into a fixed-rate mortgage or by refinancing to another ARM with more favorable terms.
What is the best type of loan for a mortgage?
The best type of loan for a mortgage is typically a fixed-rate mortgage. This type of loan offers a stable interest rate and consistent monthly payments over the life of the loan, providing predictability and security for the borrower.
What is an acceptable rate for a home mortgage loan?
An acceptable rate for a home mortgage loan is 7-9 percentage. Read more at www.mortgageloan.com/ or www.interest.com
How does a fixed rate mortgage differ from an adjustable rate mortgage?
The interest rate on a fixed rate mortgage does not change over the life of the loan. An adjustable rate mortgage interest rate may change up or down depending on what the interest rates are, at the contracted time the loan is reviewed.
What are the interest rates for Wells Fargo Bank home mortgages?
Wells Fargo mortgage interest rates are determined by the length of the mortgage loan that you are trying to get approved for. A 30 year fixed loan interest rate at Wells Fargo is 4.625 currently.
