Your mortgage may have gone down due to a decrease in interest rates, a change in the terms of your loan, or a reduction in your outstanding balance through regular payments.
The economy is making the mortgage rate go down.
the montly mortgage payments go up or down from year to year.
Your mortgage payment may have gone down due to a decrease in interest rates, a change in your loan terms, or a reduction in property taxes or insurance costs.
The average rate of a 5 year mortgage in Canada seems to be just over 3%. The rate can go up or down depending on if the mortgage is closed or variable.
A capped rate mortgage is a mortgage arranged for a set period of time to either go up or down with a variable rate. The mortgage is allowed to fluctuate but cannot surpass a set cap.
The economy is making the mortgage rate go down.
They will go up.
The monthly mortgage payments go up or down from year to year.
The monthly mortgage payments go up or down from year to year.
The monthly mortgage payments go up or down from year to year.
the montly mortgage payments go up or down from year to year.
Your mortgage payment may have gone down due to a decrease in interest rates, a change in your loan terms, or a reduction in property taxes or insurance costs.
The average rate of a 5 year mortgage in Canada seems to be just over 3%. The rate can go up or down depending on if the mortgage is closed or variable.
A capped rate mortgage is a mortgage arranged for a set period of time to either go up or down with a variable rate. The mortgage is allowed to fluctuate but cannot surpass a set cap.
If the rates are down when you lock into a fixed mortgage rate, than yes, absolutely there are savings. If the rates are high, it's typically better to go with a variable mortgage rate.
No, you cannot tear down a house with a mortgage on it without permission from the lender.
Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.