Why is the home equity loan rate going up while mortgage rate is going down?
For at least the last couple days? is there chance home equity loan rate goes down?- yes ye sye s
- It depends on which index they are tied to. Some change very little, others are very volatile and change alot. Also, rates are not going down, they are really just hangin right about the same, not going anywhere. You need to figure out the index and watch it if you want to know more!
- its the rates that are used to calculate each. I think the home equity loans use a different index that the rates are pegged to
- The two are not the same and have nothing to do with each other. The prime rate has gone up many times lately so all loan rates will follow. When you borrow money to buy a home the bank is not the one that loans you the money. Companies bid for these mortgages and when they have a lot of money that needs to be earning something then the rate will go down. When the money is tight then the rate will go up. They will tell the bank they will buy so many millions of dollars worth of mortgages at a given rate. There are several so the rates may not be all the same. Depending on your history the bank and holding co. will decide what company will take the risk
Knowledge Base
I currently have an adjustable rate mortgage loan and would like to set a fixed rate ?
i have heard on the news that we can pe ion our lender for a fixed rate. they also gave a phone number to a place called, homeowners unity foundation whom i talked to, and they say they charge $2500. 00 to help you because they work with lawyers that (home mortgage loan)
Is there any way to get a mortgage loan with bad credit?
hi there, i was wondering if there is any way at all to obtain a mortgage loan with bad credit, my home is sold and i am looking at a condo, i have half of the money for the condo but will need another half through a mortgage loan. is (home mortgage loan)
Should I stay away from a second mortgage interest only loan?
i have been approved for a 1st mortgage at a fixed rate of 7. 38 and a 2n mortgage interest only at 10. 425. this loan is for an investment property. i have been told that the 2nd loan is home equity line of credit. how much will my payments (mortgage loan rate)
Knowledge Base: Mortgage Loan
can i get a bad credit mortgage loan?
i am having a home foreclosed on, and would like to know if anyone can give me a mortgage?. that's funny. probably not. it's tough to get a mortgage now even if you have good credit. have you contacted your mortgage holder and ask them if they can re - (refinance mortgage loans)
Can I use my current owned home as collateral on new home mortgage loan?
my family and i live in a home legally donated to us by my father. we have ownership. can we use this home as collateral for a mortgage loan on another home in another state? if so, how does that work?. is the home worth more than the home you (second mortgage loan)
loan officer showing mortgage rate sheets and crediting points?
hi, i was shopping for the mortgage and i came across a loan officer who sends me the rate sheet every day and also ready to give. 625 points as credit towards closing costs. for example, from his rate sheet yesterday the rate for 30 year fixed was "4. 875 (home mortgage loan)
If someone defaults on their mortgage loan, what happens to the second mortgage owed?
i know someone defaulting on their mortgage loan because they decided it is too much owed for a house that has gone down in value 40%. they also have a second loan for $75, 000. is that forgiven too? are there different rules for second loans? these people have ets. (mortgage equity loan)
What are the key factors in obtaining a home mortgage loan?
my credit is not bad or fair. it's good, just below excellent. how good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?. hi ronnie, your credit has to be at least a 640, so i am uming you will (mortgage loan)
Knowledge Base: Mortgage Loan Rate
What interest rate can I expect on a mortgage loan with my credit scores?
what interest rate can i expect on a mortgage loan with my credit scores? today i have 564 588 654. i am hoping to have my mid - score up 10 pts by tomorrow, and then i am applying for the loan with the bank. i want a fixed rate, (mortgage loan rate)
Do people have bargaining options when getting an interest rate on a mortgage loan?
my wife and i are buying a home for around $210k in a rural town in va. we went to a lender and were told that our interest rate would be about 6. 5 - 6. 8% and that it would be the same just about anywhere we went. we (mortgage loan rate)
Agerage rate a 25 year old would have to pay to get a mortgage loan?
i am 25 years old looking to buy a house in ca. i make about 32k a year and hoping that if i am ever going to buy a house, now is the time. what is the average rate a mortgage broker will give a 25 year old with good (mortgage loan rate)
How can i get low interest rate mortgage loan?
my household my self and my wife income is around 42k per year. i am planing to buy house. will i get any low interest rate because of low income. my credit score is really good above 800. interest rate is more dependent on the type of mortgage and your (mortgage loan rate)
Why are mortgage loan interest rates higher for fixed rate mortgages held for longer periods of time?
i am sorry if this sounds like a dumb question, but i do not understand. for example, why are 30 year fixed mortgage rates the highest mortgage rates, vs say a 15, and why are 15 year fixed rate mortgages higher than adjustable rate mortgages ? it seems that lending (mortgage loan rate)
