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Mortgage Professor about prime rate interest projections: | |||||||||||||||||||||||
Is This a Good Time For an HEL?
7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more... Tutorial on Selecting Mortgage Features Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... |
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prime rate interest projections related definitions |
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Prime Rate
Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more... Warehouse Fee Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more... |
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More about prime rate interest projections Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate Home Loan Interest Rates What Are The Key Features Of Fixed Rate And ARM's? Debt Consolidation Makes Sense Only with Low Interest Rates Low Interest Debt ConsolidationCheaper Route to Ease Debt Burden Tips for Choosing a Commercial Mortgage Using Refinancing to Secure Lower Interest Rates Glossary of Common Terms Used During the Mortgage Process Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head What's The Truth Behind Your Finances? Personal Loans - To Make A Personalized Financial Agenda
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