What is prime rates - Tips On Refinancing Your Home



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Mortgage Professor about prime rates:

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...

Why Is the Loan Rejection Rate Rising?
March 20, 2000 "I have read that in recent years loan rejection rates have increased, especially among lower-income people and minorities?Why do they continue to get the short end of the stick?" You are ... more...

prime rates related definitions

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...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

More about prime rates

Get Free prime rates Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Tips On Refinancing Your Home - When To Convert To an ARM
Common advice tells borrowers they should refinance their adjustable rate mortgage (ARM) to a fixed-rate mortgage. However, there are times when it makes better financial sense to do the reverse. The prime reason is that an ARM provides lower rates.Low Interest Rates Of An ARMAn ARMs primary ... more...

Sub Prime Mortgage Lenders - How to Get Approved Online
Sub prime mortgage lenders process applications online everyday. Processing information over the internet speeds up the process and saves costs on offices and personal. In some cases, you can get a reduction in fees or rates by completing your application online. To get approved on your mortgage, ... more...

Poor Credit Home Mortgage Loans - Getting a Loan with a Low Credit Score
Getting a home mortgage loan with a low credit score is only a few clicks away. With online sub prime lenders, you can get financing, regardless of your credit situation. But even with bad credit, you can get good rates and terms by doing some checking first. Fortunately, online lenders ... more...

Houston Mortgage Rates
A mortgage rates vary according to the type and the duration of the loan. There are three types of mortgage rates:1. Adjustable Mortgage Rate 2. Fixed Interest Rate 3. Variable Interest RateA mortgage with an adjustable interest rate takes into consideration that an interest rate may change ... more...

Refinance Your Property Online
By refinancing your property online you can take advantage of competitive rates in the convenience of your home. You should consider refinancing your property if interest rates are lower, your financial situation has improved, or your credit rating has improved. Once you are ready to refinance, ... more...

High Risk Home Mortgage Lenders Online
Online high risk home mortgage lenders specialize in offering loans to people with adverse credit due to bankruptcy or other financial problems. By analyzing online quotes, you can find a reasonable mortgage loan even with poor credit. Loan approval is then just a matter of filling out your online ... more...

Adverse Credit Mortgage Loans - 3 Tips on Getting Approved
All types of mortgage loans are available for people with adverse credit. Regardless of your credit score, you can purchase a home. What is difficult is finding the right rates with the right terms. Fortunately, with a little bit of research and work on your part, you can do it. The following three ... more...

Bad Credit Home Financing - Finding the Lowest Rates on a Bad Credit Mortgage
Finding the lowest rates on a bad credit mortgage will save you thousands of dollars. Even with poor credit, you can find near market rates by picking the right home financing terms and lender. A quick online search will yield dozens of mortgage quotes for your inspection. In no time you ... more...

Home Mortgage Loans after Bankruptcy - Financing a Home after Bankruptcy
Financing a home after a bankruptcy doesnt have to be an ordeal. When you find the right lender, you can secure reasonable rates on your mortgage loan. You can improve your loan application with time and some cash leverage. Depending on your financial situation, it is possible to get ... more...

Subprime Mortgage Loans Online - What To Expect
Applying for a subprime mortgage loan online can seem intimidating at first. With so many lenders to choose from, it can appear difficult to find the best mortgage loan. However, online subprime lenders allow you to search for rates, compare financing options, and avoid falling prey to predatory ... more...

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