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Mortgage Professor about prime rates in 5 years: | |||||||||||||||||||||||
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 rates in 5 years related definitions |
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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... 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... |
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More about prime rates in 5 years Credit Counseling -- Why It Doesn't Work For Most Debtors Life After Debt Strategies for Dealing with Problem Debt Are Mortgages a Risky Business? Real Estate Stories that Show You How! Eight Ways to Consolidate Debt The North American Consumer: An Endangered Species? Project: Space Tomb [Now in SPANISH and English] A Bad Real Estate Market is Good for Real Estate Investors and the Country! Thought Fixed Rate Will Give You a Respite from the Perils of Variable Rates! Think Again Lawsuit Loans - Caveat Emptor!
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