I just read that foreclosures are up 78% in my state, and a lot of them were because people could not afford to pay on their skyrocketing adjustable rate mortgage. I have never bought a home before, but I would like to know why anyone would choose such a mortgage. Are fixed rate mortgages so [...]

Hi all, I am planning to buy a house with 5-10% down, but I want to remodel the kitchen and bedroom within the next two years. I expect this will add to the value of the house, making my loan-to-value ratio closer to 80/20. Do you think I should get a mortgage with an ARM, [...]

All reasearch I’ve done via internet and Turkish estate agencies quote really high annual mortgage rates for sterling, more so than Euros. Would it make more sense to buy in Euro? My salary and savings are all in sterling. Some Turkish estate agencies should be able to offer you much better rates for both sterling [...]

We would like to refinance our current mortgage and I was hopeful that the result of the Fed rate cut would be a drop in the mortgage rates. However, it seems like mortgage rates only dropped by about 1/4 % point (I was hoping to go down to about 5% on a 30 year fixed [...]

Hi How come Fed rate is down and mortgage rate are up to the roof? Thanks The Fed doesn’t affect the mortgage rates. The FED is the cost of Short Term loans to banks from the Federal Reserve Bank. To finance mortgages with FED loans, the banks would have to keep renewing the short term [...]

I am considering refinancing and I see a mortgage rate of 5.75% and an apr of 6% The Federal Real Estate Settlement Procedures Act (RESPA) requires lenders to disclose APR, or annual percentage rate. There is only one acceptable method for Federal compliance. If your mortgage interest rate is at 5.75%, and your payment is [...]

What kind of mortgage rate (30 year fix) can I get right now with a 694 Equifax and 691 TransUnion FICO score? If you qualify at all, you will have to pay about 1% more than the current rate. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-rate%2Fwhat-kind-of-mortgage-rate-30-year-fix-can-i-get-right-now-with-a-694-equifax-and-691-transunion-fico-score’; addthis_title = ‘What+kind+of+mortgage+rate+%2830+year+fix%29+can+I+get+right+now+with+a+694+Equifax+and+691+TransUnion+FICO+score%3F’; addthis_pub = ”;

I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable. There are several factors that decide what mortgage rate [...]

Hi, I’m wondering what are the options to lowering our mortgage rate. We currently have about a 300,000 dollar loan for our house. However, we have them on two different loans; they’re at 10% and 7% interest. I was wondering what steps we can take to lower these rates. With the economy recessing, it’s becoming [...]

Hi I was wondering if anyone might know (or had simular issues) what an estimated mortgage rate would be for us. We would pre-qualify, but we are trying to keep our credit inquiries down as we will (hopefully) be looking to buy in the next year. Here is our situation: * Married first time home [...]