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What else can I help you with?
Is a loan modification only temporary?
Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.
What are the current mortgage rates offered by ING Direct?
The current Mortgage rates offered by ING direct begin at 3.00% for a 5 year Variable. The fixed mortgage rates are 3.09% for 1 year, 3.25% for 2 years, 3.49% for 3 years, 3.45% for 4 years, 3.45% for 5 years and 4.49% for 10 years. A Home Equity Line of Credit will run 3.65%.
Should I refinance my mortgage with 5 years left on it?
Refinancing a mortgage with 5 years left can be beneficial if you can secure a lower interest rate or shorten the loan term. Consider the closing costs and how long you plan to stay in the home before deciding.
How does a 5/5 ARM work?
A 5/5 ARM is an adjustable-rate mortgage where the interest rate stays the same for the first 5 years, then adjusts every 5 years after that based on market conditions.
What are inexpensive mortgage loans rates?
Today's mortgage rates are very low. A 30 year mortgage can be gotten for 3.3% interest. A 15 year mortgage is 2.75% AP. Just a few years ago, mortgage rates were 5 to 7 percent, so these rates are a true bargain.
Should I get a loan modification attorney or do it myself?
It depends on if your mortgage company is willing to work with you. Our attorney advised us to work with the mortgage company directly. This was the process we went through: 1. Call mortgage company and speak to specialist.2. Fill out questionnaire sent by mortgage company to home owner.3. Gather & send in paperwork requested by mortgage company.4. Receive response from mortgage company.5. Receive, sign and send back loan modification paperwork.
Is a loan modification only temporary?
Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.
What are the current mortgage rates offered by ING Direct?
The current Mortgage rates offered by ING direct begin at 3.00% for a 5 year Variable. The fixed mortgage rates are 3.09% for 1 year, 3.25% for 2 years, 3.49% for 3 years, 3.45% for 4 years, 3.45% for 5 years and 4.49% for 10 years. A Home Equity Line of Credit will run 3.65%.
Should I refinance my mortgage with 5 years left on it?
Refinancing a mortgage with 5 years left can be beneficial if you can secure a lower interest rate or shorten the loan term. Consider the closing costs and how long you plan to stay in the home before deciding.
How does a 5/5 ARM work?
A 5/5 ARM is an adjustable-rate mortgage where the interest rate stays the same for the first 5 years, then adjusts every 5 years after that based on market conditions.
How have the mortgage rate trends changed over the last 5 years?
Mortgage rates have gone down a lot in the past 3 years. You can get a 30 year fixed loan for about 4% APR nowadays.
What kind of mortgages are offered by Central Mortgage?
The mortgages offered by Central Mortgage include the following: 30 years fixed, 15 years fixed, and 5/1 ARM which are low initial rates that can increase.
What are inexpensive mortgage loans rates?
Today's mortgage rates are very low. A 30 year mortgage can be gotten for 3.3% interest. A 15 year mortgage is 2.75% AP. Just a few years ago, mortgage rates were 5 to 7 percent, so these rates are a true bargain.
How much will you pay for mortgage in 5 years time?
It depends on how much it costs for a month. If you have a fixed mortgage payment, the payment will be the same. An ARM type mortgage interest rate will change at the end of the number of years you signed up for with your loan. The current (as of 2010) 5 to 6% rates are historic low rates that have not been seen since the 1950s. There is no way to predict what new mortgage loan rates will be in the future.
Does paying your mortgage 5 days late affect your credit score?
Normally there is a 15 day grace period that they give you before it is reflected as a late payment. They are the best when it comes to Loan Modification and Credit Repair.
What mortgage options are available in California?
There are a variety of mortgage options available in California. Some of these options include fixed mortgages for 10, 15, 20, 25 and 30 years. There are also adjustable rate mortgages for 5 or 7 years as well as VA and FHA mortgage loans.
What describes how a five-one ARM mortgage works?
In a 5/1 adjustable rate mortgage, the interest rate is fixed for five years and then changes every year afterward.
