My fixed rate mortgage has come to an end. Should I get a new one now or hope interest rates fall again?
Q. This is a question for those in the UK. My fixed rate mortgage has come to an end. Do you think interest rates will continue to fall, or is it more likely that they'll begin to rise? Should I get another fixed rate mortgage now or stay where I am on the provider's variable rate (slightly higher than what they've offered as a fixed rate) and hope interest rates continue to fall? Thanks!
Asked by jayjay - Tue Mar 10 14:02:30 2009 - - 3 Answers - 0 Comments
A. Run, not walk, to your bank and get a 15 year fixed rate loan. With all the stimulus borrowing (UK,EU,US) crowding out cosumer loan demand, it will be a very long time before you see anything near 5% fixed.
Answered by betahedger - Tue Mar 10 14:19:31 2009
Q. This is a question for those in the UK. My fixed rate mortgage has come to an end. Do you think interest rates will continue to fall, or is it more likely that they'll begin to rise? Should I get another fixed rate mortgage now or stay where I am on the provider's variable rate (slightly higher than what they've offered as a fixed rate) and hope interest rates continue to fall? Thanks!
Asked by jayjay - Tue Mar 10 14:02:30 2009 - - 3 Answers - 0 Comments
A. Run, not walk, to your bank and get a 15 year fixed rate loan. With all the stimulus borrowing (UK,EU,US) crowding out cosumer loan demand, it will be a very long time before you see anything near 5% fixed.
Answered by betahedger - Tue Mar 10 14:19:31 2009
what is the difference between a fixed rate and a variable rate?
Q. im trying to get a load for about $8,000 but i dont know if a fixed rate is a good choice. help!
Asked by mimi - Wed Oct 22 01:29:40 2008 - - 2 Answers - 0 Comments
A. Yes most loans are fixed rate and for a loan that small it would be the best way. A variable rate can be like a credit card where they change it at will or like an ARM mortgage where it is tied to an index with a margin.
Answered by shipwreck - Wed Oct 22 01:43:59 2008
Q. im trying to get a load for about $8,000 but i dont know if a fixed rate is a good choice. help!
Asked by mimi - Wed Oct 22 01:29:40 2008 - - 2 Answers - 0 Comments
A. Yes most loans are fixed rate and for a loan that small it would be the best way. A variable rate can be like a credit card where they change it at will or like an ARM mortgage where it is tied to an index with a margin.
Answered by shipwreck - Wed Oct 22 01:43:59 2008
What happens when your fixed rate mortgage has expired?
Q. I am shopping around for a mortgage but I dont understand what happens when the initial 2 year fixed rate term expires. Can you move the loan to another bank and get another fixed rate ?
Asked by GeorgieGal25 - Mon Jun 15 17:28:50 2009 - - 4 Answers - 0 Comments
A. When most people call something a fixed rate mortgage they mean a fixed rate fully amortized mortgage. What you must have is a mortgage that the rate was fixed for a period of time and then it either balloons (you have to pay off the balance with cash or by getting a new loan somewhere) or the interest rates adjusts. Either way you should find out what your loan will do. You should not get a loan that you don't understand. I would stick with fixed rate fully amortized loans- and I would stick with local loan officers that I can speak face to face with. A lot of very smart people have been conned by mortgage loan officers they only met over the internet. Even if it is a large well known company I would only deal with a local loan… [cont.]
Answered by glenn - Mon Jun 15 17:37:00 2009
Q. I am shopping around for a mortgage but I dont understand what happens when the initial 2 year fixed rate term expires. Can you move the loan to another bank and get another fixed rate ?
Asked by GeorgieGal25 - Mon Jun 15 17:28:50 2009 - - 4 Answers - 0 Comments
A. When most people call something a fixed rate mortgage they mean a fixed rate fully amortized mortgage. What you must have is a mortgage that the rate was fixed for a period of time and then it either balloons (you have to pay off the balance with cash or by getting a new loan somewhere) or the interest rates adjusts. Either way you should find out what your loan will do. You should not get a loan that you don't understand. I would stick with fixed rate fully amortized loans- and I would stick with local loan officers that I can speak face to face with. A lot of very smart people have been conned by mortgage loan officers they only met over the internet. Even if it is a large well known company I would only deal with a local loan… [cont.]
Answered by glenn - Mon Jun 15 17:37:00 2009
How does a variable rate annuity differ from a fixed annuity?
Q. I was advised that a fixed rate was a better option. Is that true, and why?
Asked by lee irish - Sat Oct 18 20:28:11 2008 - - 2 Answers - 0 Comments
A. The differences between annuities are in a variable your money is at financial risk in the stock market and returns are not fixed. In a fixed product you get a specific distribution at a specific time, based on the full faith and credit of the insurance company. Personally I hate all insurance products, because I'm a better investor. One better than the other? Depends more on you and your financial situation, and risk tolerance. Neither product is guaranteed, but may work for you from a tax standpoint.
Answered by Kevin R - Sat Oct 18 20:39:25 2008
Q. I was advised that a fixed rate was a better option. Is that true, and why?
Asked by lee irish - Sat Oct 18 20:28:11 2008 - - 2 Answers - 0 Comments
A. The differences between annuities are in a variable your money is at financial risk in the stock market and returns are not fixed. In a fixed product you get a specific distribution at a specific time, based on the full faith and credit of the insurance company. Personally I hate all insurance products, because I'm a better investor. One better than the other? Depends more on you and your financial situation, and risk tolerance. Neither product is guaranteed, but may work for you from a tax standpoint.
Answered by Kevin R - Sat Oct 18 20:39:25 2008
I currently have an adjustable rate mortgage loan and would like to set a fixed rate ?
Q. I have heard on the news that we can petition 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 help the process move faster. But they do not guarantee results. Can anyone give me some insight or suggestions?
Asked by jose - Sat Oct 25 20:34:50 2008 - - 5 Answers - 0 Comments
A. Stay away from this HUF outfit. Sounds like a rip off. Read your mortgage documents. Some have a clause that you can convert for a fee (usually 1%). If so, contact the lender and ask what you need to do to accomplish this. If you don't have this clause, you can still ask them to convert it. There may be more fees as it will actually be a refinance.
Answered by Sharon T - Sat Oct 25 21:00:57 2008
Q. I have heard on the news that we can petition 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 help the process move faster. But they do not guarantee results. Can anyone give me some insight or suggestions?
Asked by jose - Sat Oct 25 20:34:50 2008 - - 5 Answers - 0 Comments
A. Stay away from this HUF outfit. Sounds like a rip off. Read your mortgage documents. Some have a clause that you can convert for a fee (usually 1%). If so, contact the lender and ask what you need to do to accomplish this. If you don't have this clause, you can still ask them to convert it. There may be more fees as it will actually be a refinance.
Answered by Sharon T - Sat Oct 25 21:00:57 2008
Are there any financial institutions that offer a fixed rate for a unsecured personal loan?
Q. I'm looking to consolidate my credit cards with a unsecured personal loan but would like a fixed rate I could afford. Are credit unions my best choice? Is there a web site where I could compare institutions?
Asked by rbc - Mon Dec 24 08:40:51 2007 - - 2 Answers - 0 Comments
Q. I'm looking to consolidate my credit cards with a unsecured personal loan but would like a fixed rate I could afford. Are credit unions my best choice? Is there a web site where I could compare institutions?
Asked by rbc - Mon Dec 24 08:40:51 2007 - - 2 Answers - 0 Comments
What do I need to prepare to refinance into a fixed rate loan?
Q. My current mortgage loan will be resetting to an adjustable this coming Sept. I need to know what steps I need to take to possibly refinance into a fixed rate loan. My credit is not shiny and the score is around 600. I only have about $2000 in credit card debt and will pay it off this month. Reason why is credit score is so low is because I had high credit card debts that went to collections but I managed to paid those off in 1999-2001. Someone told me to dispute negative items with the credit beareu. I was told that those negative items are to stay in my credit for up to 7 yrs? The clock is ticking and I'm so stressed out now I don't know where to start. The lending industries are tightening up their lending standards because of the… [cont.]
Asked by REEMPIRE888 - Thu Mar 15 02:42:54 2007 - - 4 Answers - 0 Comments
A. Just try to apply for a fixed rate loan with a lender, thats the best way to find out if you're qualified. Most adjustable loans have annual caps on the increase. So even if the indexed rate on your loan were 15% this year, it would only be able to go up 2% or so from what it was the previous year. Contact your current mortgage servicer to find out what your new rate will be.
Answered by SndChaser - Sun Mar 18 22:52:23 2007
Q. My current mortgage loan will be resetting to an adjustable this coming Sept. I need to know what steps I need to take to possibly refinance into a fixed rate loan. My credit is not shiny and the score is around 600. I only have about $2000 in credit card debt and will pay it off this month. Reason why is credit score is so low is because I had high credit card debts that went to collections but I managed to paid those off in 1999-2001. Someone told me to dispute negative items with the credit beareu. I was told that those negative items are to stay in my credit for up to 7 yrs? The clock is ticking and I'm so stressed out now I don't know where to start. The lending industries are tightening up their lending standards because of the… [cont.]
Asked by REEMPIRE888 - Thu Mar 15 02:42:54 2007 - - 4 Answers - 0 Comments
A. Just try to apply for a fixed rate loan with a lender, thats the best way to find out if you're qualified. Most adjustable loans have annual caps on the increase. So even if the indexed rate on your loan were 15% this year, it would only be able to go up 2% or so from what it was the previous year. Contact your current mortgage servicer to find out what your new rate will be.
Answered by SndChaser - Sun Mar 18 22:52:23 2007
What is the best method to borrow money on Credit card at low fixed rate?
Q. I have around 5,000 on two cards each one at 3.9 and one at 4.9%. I have one more card with 5000 at 10%. I would like to get that at a low fixed rate. What is the best way to ask for that on the other two cards without paying transfer fees. What is the best and how to ask for the lowest rate without transfer fee.
Asked by toddrws - Mon Feb 19 13:55:19 2007 - - 4 Answers - 0 Comments
A. Call the issuers of the cards with the low fees and ask them if they can give you a no-fee balance transfer.
Answered by surelynotme - Mon Feb 19 14:03:14 2007
Q. I have around 5,000 on two cards each one at 3.9 and one at 4.9%. I have one more card with 5000 at 10%. I would like to get that at a low fixed rate. What is the best way to ask for that on the other two cards without paying transfer fees. What is the best and how to ask for the lowest rate without transfer fee.
Asked by toddrws - Mon Feb 19 13:55:19 2007 - - 4 Answers - 0 Comments
A. Call the issuers of the cards with the low fees and ask them if they can give you a no-fee balance transfer.
Answered by surelynotme - Mon Feb 19 14:03:14 2007
Where can you get a 30 year fixed rate with only 10 percent down?
Q. With the economy the way it is now, what bank or other finance company will loan you $150,000 with a 30 year fixed rate, with only 10 percent down payment. Excluding FHA or VA loans. I'm looking for a condo in CA. Are there any banks that are accepting 10 percent down these days?
Asked by JD - Sat Feb 28 16:39:58 2009 - - 2 Answers - 0 Comments
A. We just got a 150,000 loan with 3.5% down from Chase.
Answered by Jackie - Sat Feb 28 17:34:40 2009
Q. With the economy the way it is now, what bank or other finance company will loan you $150,000 with a 30 year fixed rate, with only 10 percent down payment. Excluding FHA or VA loans. I'm looking for a condo in CA. Are there any banks that are accepting 10 percent down these days?
Asked by JD - Sat Feb 28 16:39:58 2009 - - 2 Answers - 0 Comments
A. We just got a 150,000 loan with 3.5% down from Chase.
Answered by Jackie - Sat Feb 28 17:34:40 2009
Is it possible to refinance an OSAP loan at a fixed rate of interest?
Q. I have an OSAP loan. The interest payments are variable and I want to switch to a fixed rate. Does anyone know how to switch the loan to a fixed rate? I would switch creditors if I could maintain the tax benefits of the OSAP loan or if the total cost of the OSAP loan is higher then the terms offered by the new creditor.
Asked by Mike R - Sat May 17 12:36:36 2008 - - 1 Answers - 0 Comments
A. First, before you set off looking for a loan, make absolutely certain that your credit report and credit score are in order. Experts have advised that a significant majority of credit reports actually contain inaccurate negative information. Therefore, by making
Q. I have an OSAP loan. The interest payments are variable and I want to switch to a fixed rate. Does anyone know how to switch the loan to a fixed rate? I would switch creditors if I could maintain the tax benefits of the OSAP loan or if the total cost of the OSAP loan is higher then the terms offered by the new creditor.
Asked by Mike R - Sat May 17 12:36:36 2008 - - 1 Answers - 0 Comments
A. First, before you set off looking for a loan, make absolutely certain that your credit report and credit score are in order. Experts have advised that a significant majority of credit reports actually contain inaccurate negative information. Therefore, by making
[Hide]▼
news.google.com
Brisbane Times
Fixed - rate home loans made up 6.3 per cent of the mortgage market in August, down from 7.2 per cent a month earlier, figures released on Wednesday reveal. ...
and more »
scottsdale.com
329px x 215px | 31.50kB
[source page]
Purchase or New Home Construction Loans tired of your real mortgage rate going up each month at Flagstar Bank we realize that purchasing a new home is a big investment Whether you are building a new home or buying an existing home Flagstar Bank has great
offshoreinn.com
MoneyhighStreet Staff
Mon, 21 Sep 2009 12:01:36 GM
M&S Money is launching a range of . fixed rate. savings, both as Cash ISA accounts and . Fixed Rate. Savings accounts, outside ISA.
[Hide]▲
