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What are the mortgage loan rates?

Hello. I need your help. I vould like to apply for a mortgage loan and this would be my first approch to the world of mortgage. I know there are different types of rates. Can you tell me what are the features of these different mortgage loan rates and which one do you recommend? I fell completely lost! Thank you.

Sat, 20/04/2013 - 16:00

Comments : 0

Answers

3

AnswerWidget

Don't worry, your question is not strange at all. Fixed or variable mortgage loan rate? This is the eternal question of those who would like to buy their home and apply for a mortgage loan. Well, just to calrify the difference, with a fixed mortgage rate you pay higher rates, but you are sure of being protected from any future increases in interest rates. With the second one, you'll save a lot in the short term, but the future might hold some surprises for you. Good luck!

Mon, 22/04/2013 - 19:21

Well, here is a third option that is the mixed mortgage loan interest rate. The correct name is mix&match mortgage and it means that your loan will be very flexible. For example, yo decide that you prfer a fixed mortage rte but you want have the chance to to overpay by more than the chosen fix allows. Anyway, not all the lenders give this opprtunity.

Sun, 28/04/2013 - 22:01

I definitely suggest you to use a mortgage loan calculator. Anyway this is a good time for a mortgage loan since in this moment mortgage loan rates are at historic lows.

Watch this video to know something more.

 

Sun, 05/05/2013 - 14:25

Don't worry, your question is not strange at all. Fixed or variable mortgage loan rate? This is the eternal question of those who would like to buy their home and apply for a mortgage loan. Well, just to calrify the difference, with a fixed mortgage rate you pay higher rates, but you are sure of being protected from any future increases in interest rates. With the second one, you'll save a lot in the short term, but the future might hold some surprises for you. Good luck!

Mon, 22/04/2013 - 19:21

Well, here is a third option that is the mixed mortgage loan interest rate. The correct name is mix&match mortgage and it means that your loan will be very flexible. For example, yo decide that you prfer a fixed mortage rte but you want have the chance to to overpay by more than the chosen fix allows. Anyway, not all the lenders give this opprtunity.

Sun, 28/04/2013 - 22:01

I definitely suggest you to use a mortgage loan calculator. Anyway this is a good time for a mortgage loan since in this moment mortgage loan rates are at historic lows.

Watch this video to know something more.

 

Sun, 05/05/2013 - 14:25
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