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A mortgage competitive rate is one that is in line with what the market will bear. For example, if the going rate for a 30 year fixed loan is 4.5%, then a competitive rate would be one that is very close to that percent (4.4% to 4.6%).

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12y ago

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What is a good interest rate on a 15 year mortgage?

Any interest rate below 5% is a favorable rate currently. This interest rate is a competitive rate.


Why do most home owners pefer a fixed rate mortgage?

You know exactly how much your mortgage payment is and will be in the future. With a variable rate your interest rate jumps up at some future date and your mortgage payment increases.


What exactly is a bank mortgage interest rate?

An interest rate is the rate a home buyer repays the holder of the mortgage for the moneys they borrow to purchase the house. The mortage rate is expressed as a percentage rate over a year's time.


What is a reliable mortgage rate calculator?

A reliable mortgage rate calculator lets you know exactly how much money you can borrow against your house. It will also take into account how long of a term you are planning on signing for.


What is the best home loans in Australia?

It seems from some research that you should be looking for an interest rate at or below 7% on your variable rate mortgage in Australia to ensure it is a competitive loan.


What options do you have in order to obtain a commercial mortgage financing?

The options when obtaining a commercial mortgage financing is to shop around to find the most competitive and secure rate. As well one needs to look at comfort level and ability to pay for the mortgage.


Does Chase offer competitive mortgage rates?

Chase does offer competitive mortgage rates, as will other major American banks. However, every bank has a different method of determining what interest rates an individual will receive, so if you are looking for the absolute lowest mortgage interest rate for your situation, it is best to get quotes from several different lenders.


What exactly is it to refinance a home?

To refinance a home is to take out another mortgage to replace an existing one. A few reasons for doing this would be a lower interest rate, choosing a fixed-rate mortgage as opposed to a flexible rate or increasing the time you have to pay back your loan.


Can you refinance an adjustable rate mortgage?

Yes, you can refinance an adjustable rate mortgage by converting it to a fixed rate mortgage or by refinancing to another adjustable rate mortgage with more favorable terms.


Fixed Rate Mortgage vs. Interest Only Mortgage?

Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.


Where can I find information on financing mortgage rates?

There are plethora of sources for people interested in financing their mortgage rate, whether online or at your traditional bricks and mortars. Banks and Lenders, such as LendingTree, Chase, Discover and Bank of America, offer competitive rates for mortgage loans.


What is meant by the terminology fixed mortgage rates?

A fixed mortgage rate is an interest rate that will not change for the term of the mortgage. This is in contrast to a variable mortgage rate which changes frequently based on the prime rate or other benchmark rate.