mortgage finance: Mortgage Interest Rates
- 11/04/06 04:24 AM
An important aspect of your home mortgage is the interest rate. This rate is negotiated for a period of time - from 6 months to as long as 10 years. This time period is the period over which you will pay the agreed interest rate. The lower your interest rate, the less you pay in interest costs over the life of the mortgage. This can also save you thousands of dollars, especially on the mortgage you negotiate when you first buy your property. When you first buy your property the amount of your mortgage will be the biggest it will ever … (0 comments)
mortgage finance: Choosing the Right Mortgage
- 10/27/06 05:50 PM
Perhaps the single biggest decision you make when buying a home (other than picking the home itself) is finding the right mortgage. The "right" mortgage will get you the right payment options, the right interest rate and the right lender to work with. The wrong mortgage? Well, you could end up with trouble with a bad lender; you might end up paying thousands more if your interest rate is too high; and with the wrong payment options, you won't be able to get rid of your mortgage as quickly as you'd like. And after all, we'd all like to be mortgage-free … (0 comments)
An important aspect of your home mortgage is the interest rate. This rate is negotiated for a period of time - from 6 months to as long as 10 years. This time period is the period over which you will pay the agreed interest rate. ;)
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