Definitions

1. A mortgage rate is fixed to remain constant throughout the life of the mortgage.

Index Rate Moves

1. If the index rate moves up, so does your mortgage rate in most circumstances, and you will probably have to make higher monthly payments. (Web site)

Past Year

1. The top reason cited is the mortgage rate, which averaged 4.55% this past year - a dramatic decline from 5.41% last year.

Refinancing

1. Ottawa real estate mortgage broker with the best mortgage rate for your new home in Ottawa, Canada or for refinancing an existing home. (Web site)

Lower

1. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs.

First Mortgage

1. Refinancing your mortgage rate is a very similar process you encounter when obtaining your first mortgage. (Web site)

Lender

1. Points: A fee paid at the time of closing by the mortgagor to the lender to lower the mortgage rate. (Web site)
2. Points A one-time-only fee you pay up front to your lender, sometimes in exchange for a slightly lower mortgage rate.

House

1. Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. (Web site)

Builder

1. The builder uses cash to buydown the mortgage rate to a lower level than the prevailing market loan rate for some period of time.

Rate

1. As this rate goes up or down, so too, will your mortgage rate.

Interest Rate

1. Mortgage Rate: The cost or the interest rate you pay to borrow the money to buy your house. (Web site)
2. A type of mortgage rate loan that allows the interest rate to change periodically up or down, usually once or twice a year. (Web site)

Apr

1. Because it takes into account points and other credit costs, the APR is likely to be higher than the mortgage rate. (Web site)

Committing

1. Lock verb - The act of committing to a mortgage rate.

Mortgages

1. On some mortgages the APR is higher than your actual mortgage rate.

Mortgage Rate

1. And saving money on your mortgage rate or refinance rate in Bancroft Nebraska is a big step toward financial freedom.
2. Lock A lender's guarantee that the mortgage rate quoted will be good for a specific number of days from the day of application. (Web site)

Categories

1. Refinance Rate
2. Saving Money
3. Financial Freedom
4. Big Step
5. Specific Number
6. Books about "Mortgage Rate" in Amazon.com
   

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