|
|
| *Loan,banking and credit>>>mortgage loan |
For $100k mortgage loan, should we get a Fixed or Adjustable rate at this time? |
We got quoted 6.68% for 30-year Fixed rate... Also, if we wanted to refinance in a year or 2 would that make sense or it doesn't pay to refinance in such a short time? Please always do a fixed when possible. That is a great rate right now, and I would not expect them to be better in 2-3 years. I don't know if you have noticed all the foreclosures lately? Its because of adjustable rate loans. Please stay away, if for any reason you cannot qualify for a loan in the upcoming years, what are you going to do when the rate adjusta, and your payment basically doubles? Please stay away, no matter what the mortgage broker says. I believe they make more money from the lender when its adjustable, so it is in their best interest to give you one. Jump all over it...with the market the way it is that may be the best deal for you If you have any questions regarding purchasing or re-financing your home feel free to email any questions you have and we will be sure to answer them timely and assertively Thank you Ken.lifemortgage@gmail.com Fixed rates are still excellent and now would be a good time to capitalize on that. Whether or not to refinance in a couple of years will depend on a couple of things; wheteher or not rates have decreased, whethere or not you want to pull equity, and what has happened to home values in your market during the 2 years. 20+ years as a direct mortgage lender FIXED Check out this site, I'm sure they have the answer you're looking for. http://www.tankwagon.info/?id=13... |
| Tags |
| mortgage insurance motorcycle insurance scooter insurance accident insurance mortgage loan consolidation loan commercial loan auto loan fha loan payday loan |
SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR For personal non-commercial use only. |