Sentences with phrase «fixed rate mortgages because»

Consumers across the nation are lining up to lock in low fixed rate mortgages because they enable homeowners to realize significant savings with lower monthly payments while increasing cash flow.

Or consumers that were directed into a 5 yr fixed rate mortgage because of supposed fears of rates going up..

For the past couple of years, the clear favorite has been the 30 year fixed rate mortgage because the yield curve between short term and long term bonds has been flat.

Are you taking a fixed rate mortgage because your finances will be tight after you buy that house?

Not exact matches

Such rates will generally be higher than what home buyers currently pay, not only because banks now offer substantial discounts from posted rates, but also because many buyers (40 % according to a July 2011 TD Bank report) take mortgages with variable rates, which are lower than fixed rates at least 85 % of the time.

The 10 year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary benchmark for the U.S. bond market because it has the largest issuance and is used as the basis for fixed rate mortgage pricing.

Adjustable - rate mortgages are popular because interest rates are typically cheaper initially than long - term, fixed - rate mortgages, such as the 30 - year mortgage.

Because they're paid back twice as quickly as the more popular 30 - year mortgage, 15 - year fixed - rate mortgages represent a better proposition for lenders.

A fixed - rate mortgage is generally a safer bet than an adjustable - rate mortgage because you know what your interest rate will be for the length of the loan and your payments will stay the same for the duration of the mortgage.

Fixed mortgages are easier to understand because the interest rate that they charge never changes, so you can count on monthly mortgage payments remaining constant throughout the lifetime of your loan.

That's because a 15 - year fixed mortgage usually comes with a lower rate than a 30 - year fixed one.

This is because fixed - rate mortgages are mortgage loans for which the interest rate does not change — even if market mortgage rates move higher or lower in the future.

If you manage to pay off a 30 - year fixed rate mortgage in only 15 years, you come out ahead financially because you've reduced the amount of interest paid on the loan.

Inflation is bad for mortgage rates because it eats into investor returns on fixed - rate investments like mortgage bonds.

Because of the unpredictable nature of ARMs compared to a fixed - rate mortgage, you should prepare for a higher interest rate in the future.

If you have less than two years remaining on your adjustable rate mortgage before it becomes variable, I highly recommend you refinance today or before the fixed rate ends because ARMs are tied to LIBOR rates once they are variable, and LIBOR rates have surged higher.

A 40 - year fixed - rate mortgage is generally a less popular option both because it takes so long to pay off the loan and because you end up paying a lot in interest.

Still, ARMs are popular because banks tend to offer lower interest rates on an ARM compared to a fixed rate mortgage.

The first tweak appears to be a marginal change because the differential between a 3 - year rate (that is currently used to determine debt service ratios) and a 5 - year fixed - rate mortgage is only about 0.5 %.

Because you'll pay less total interest on the 15 - year fixed - rate mortgage, you won't have the maximum mortgage interest tax deduction possible.

Conventional fixed - rate mortgages are a popular option because it allows to get rid of mortgage insurance once your loan balance is 80 percent or less of the home's value... MORE

Conclusion: I chose a variable rate mortgage over fixed rate because it was the best fit for us.

And in that time, you'll save a ton on interest, because ARM interest rates are typically lower than that of fixed - rate mortgages.

Lower mortgage rates: One of the main reasons many homeowners consider ARMs for a refinancing is because they have lower interest rates than fixed - rate mortgage products.

A fixed rate mortgage is popular among homeowners because it gives them the confidence of knowing what their payments will be in the future.

That's because the recent announcement by RBC to increase fixed mortgage loan rates is just the start of things to come.

The monthly mortgage payment attached to a 30 - year fixed - rate mortgage is lower than it is with a 15 - year fixed - rate mortgage because payments are spread out over a longer number of years.

A recent FDIC Consumer News bulletin reminded consumers that, if you have a HELOC, it is especially important to pay attention when mortgage rates start to rise because that might be a good time to refinance out of the line of credit in favor of a fixed - rate mortgage loan.

Inflation is important to homebuyers because inflationary pressure can reduce the value of fixed investments like mortgage bonds, causing the home loan rates tied to them to push higher.

If you have a 30 - year fixed - rate mortgage, and you can refinance to a 15 - year term with even lower rates, it may be well worth it for you to shoulder any refinance fees because your savings over time will be much higher.

The majority of home buyers get a fixed - rate mortgage, because this guarantees the interest rate they pay will remain the same over the life of the loan.

Because the interest rate on an ARM is uncertain once the fixed - rate period is over, APR estimates can severely understate the actual borrowing costs if mortgage rates rise in the future.

Because the total monthly payment remains the same, a fixed rate mortgage allows homeowners to budget more easily.

An adjustable - rate mortgage, or ARM, is attractive because interest rates are initially lower than interest rates on a fixed - rate mortgage.

Even those borrowers who have a fixed rate mortgage in place can benefit from refinancing because they can obtain better terms, for added periods of time, and possible reduced monthly payments.

That is because a home equity loan is (usually) just a second standard fixed - rate mortgage, as opposed to a HELOC or Home Equity Line Of Credit which is a different thing altogether.

If you've been turned down for a mortgage refinance because you're retired and on a fixed - income, you've probably felt some frustration as you watched your neighbors refinance into the lowest mortgage rates.

Many people are unable to make their mortgage payments because they are caught in a variable rate mortgage that began at an affordable fixed rate and then, after a period of so many years, adjusted to a rate that is determined based on market conditions.

Thousand of distressed homeowners who have the household income to meet all the criteria for a new lower fixed rate FHA mortgage are not being given a chance to succeed because lenders have strictly enforced this minimum Fico score requirement, contrary to the underwriting guidelines for FHA loans.

ARMs are often attractive to homebuyers because they usually begin with lower interest rates and payments than fixed rate mortgages.

Just because you have a decent 30 - year fixed mortgage rate and you are happy in your home doesn't mean you should become complacent.

Because these loans are assumable, fixing in low current mortgage rates could help you sell the home more easily and get a better price if rates have increased.

Typically the interest rate for fixed rate reverse mortgages is initially higher than the variable rate because these loans are more risky for the lender.

Adjustable rate mortgages are useful for borrowers because the introductory rate is usually lower than a fixed rate at the time of purchase.

Ten - year terms have become more popular recently, because fixed mortgage rates are at historic lows.

Since the foreclosure crisis began in 2007, home equity loans have become next to impossible to qualify for, so many San Diego homeowners have shifted to FHA home loans for refinancing into a fixed rate mortgage and because cash out was available to 95 % for refinance and debt consolidation.

If you are considering refinancing your adjustable rate mortgages, give us a call because our fixed rate loans will save you money!

If you are unsure about which type of loan to get, we suggest the fixed 30 - year mortgage rates, because the monthly payment is fixed and there is no penalty for early pay - off.

Fixed rate second mortgages allow you to budget easier because your payment is the same every month.

Fixed rate commercial mortgages provide stability because you will know what your payments will be every month.