Mortgage Rates Guide

Mortgage Rates Section


 

Mortgage Rates Navigation

Mortgage Guide Home Page
Tell A Friend about us
Rates Mortgage |
Mortgage Interest Rates |
Rates Mortgage |
Low Mortgage Interest Rates |
Mortgage Rates |
Low Mortgage Interest Rates |
California Mortgage Rates |
Low Mortgage Interest Rates |
Florida Mortgage Rates |
Home Mortgage Rates |
Best Mortgage Rates |
California Mortgage Rates |
Mortgage Rates |
Mortgage Interest Rates |
Compare Mortgage Rates |

List of Mortgage-Rates Articles

Mortgage Rates Best seller

Buy it Now!



Best Mortgage Rates products

Sitemap

"What matters in life is not what happens to you but what you remember and how you remember it."

by Gabriel García Márquez

"What matters in life is not what happens to you but what you remember and how you remember it."

by Mercedes McCambridge

"The income tax created more criminals than any other single act of government."

by Barry Goldwater

"Chess is life."

by Bobby Fischer

"I have never met a vampire personally, but I don't know what might happen tomorrow."

by Bela Lugosi



Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Mortgage-Rates
Email:
First Name:



Main Mortgage Rates sponsors


 

Latest Mortgage Rates Link Added

INSERT YOUR OWN BANNER HERE

Submit your link on Mortgage Rates!



Newest Best Sellers


Welcome to Mortgage Rates Guide

 

Mortgage Rates Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

Your Credit and Low Mortgage Rates

from:

While our economy is in a bit of turmoil, low mortgage rates are attracting homeowners to borrow on the equity of their homes to do home improvements, pay off credit card debts, or just go on a much needed vacation. You may want to refinance your current mortgage loan to lower your payments; your credit report can help you get lower mortgage rates.

If you have been thinking about taking out a new mortgage or re-fi loan, now is the time to do it because of the low mortgage rates that are available now to qualified borrowers. If you want to make home improvements, or add on to your home, you will need to get estimates to what this will cost and then go to your lender and ask for a loan. By making home improvements you can increase the value of your home and your mortgage payments may be lower than you were paying before due to the low mortgage rates.

Often people are worried about the economy and not being able to afford their mortgage loans. A good rule of thumb when you are thinking about borrowing is that your mortgage payment should not be higher than a quarter of your monthly income, which is about a week’s salary. To qualify for a loan the mortgage lender will evaluate your finances to determine your ability to pay back the loan. For many, the low mortgage rates are the determining factor for taking out a loan at this time, rather than missing out on a great deal. There are closing costs to borrowing money, and even with the costs, the low mortgage rates can save you a significant amount of money if you refinance.

To take advantage of the low mortgage rates to refinance you will have to apply for another loan. You may have to give information about the home that you are mortgaging, and give information about your employment status. You may be asked to show proof of your pay stubs from your job. If you are self-employed you may be asked how long you have been in business and offer copies of your income tax returns to prove your earnings. Your lender may ask you for the names of your creditors, and the amount you owe. You may also be asked for a photo ID and proof of identity, though your lender may already know you.

If you have any credit report anomalies you may have to give an explanation. A clean credit report can make a difference between paying high or low mortgage rates. The better the credit rating the better the interest rates a lending institution can offer you. In a way, you can think of your credit report like money in the bank, because a good credit report will give qualify you for low mortgage rates.








Other Mortgage Rates related Articles

List Mortgage Rates
Current Mortgage Interest Rates
Low Mortgage Interest Rates
Florida Mortgage Rates
Mortgage Interest Rates

Do you want to contribute to our site : submit your articles HERE


Mortgage Rates Specific links

Mortgage Rates News

Mortgage Rates Rise Ahead of Treasury Auction. Fail to Recover Afterward - MortgageNewsDaily.com


The Guardian

Mortgage Rates Rise Ahead of Treasury Auction. Fail to Recover Afterward
MortgageNewsDaily.com
Furthermore, in a low mortgage rate environment, such a trend implies consumers are seeking out lower monthly payments which can result in increased ...
Despite Looming Fed Exit, Mortgage Rates Stay LowWall Street Journal (blog)
Mortgage Rates Higher: 30 Year Mortgage Rates Back Above 5.00%MonitorBankRates.com
Current Mortgage Rates, Mortgage Applications RiseMortgage Rates & Trends (blog)
Subprime Blogger (blog) -Mortgage Rates & Trends (blog) -Subprime Blogger (blog)
all 127 news articles »

Read more...


Annaly Capital Management Announces Monthly Commentary for March - MarketWatch (press release)


Annaly Capital Management Announces Monthly Commentary for March
MarketWatch (press release)
In January (February release), despite low mortgage rates prepayment speeds declined 15% for 30-year Fannie Mae fixed-rate mortgages from the prior month. ...

and more »

Read more...


US foreclosures drop 2nd straight month in Feb-RealtyTrac - Reuters


MiamiHerald.com

US foreclosures drop 2nd straight month in Feb-RealtyTrac
Reuters
NEW YORK, March 11 (Reuters) - US mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest ...
Foreclosure rates up by smallest amount in 4 yearsThe Associated Press
Weather, Mortgage Redos Slow Foreclosure Filings in FebruaryeCreditDaily.com
Reports show foreclosures still climbingTeton Valley News

all 177 news articles »

Read more...


Mortgage Refinance Market: Predicting Its Death - My Loans Consolidated (blog)


PR Web (press release)

Mortgage Refinance Market: Predicting Its Death
My Loans Consolidated (blog)
Some of them are gamblers who finally gave in thinking that the rates are not going any lower. The fact of the matter is that mortgage rates have been ...
Making Home Affordable offers hope, frustrationC&G Newspapers
Too Late To Refinance?Mortgage Rates & Trends (blog)
Modifications coming to the Home Affordable Modification PlanWalletPop (blog)
TCPalm -NuWire Investor -BigNews.biz (press release)
all 115 news articles »

Read more...


Treasury Yield Curve Near Record Before $13 Billion Bond Sale - BusinessWeek


Treasury Yield Curve Near Record Before $13 Billion Bond Sale
BusinessWeek
US 30-year fixed mortgage rates have fallen to 5 percent from last year's high of 5.74 percent in June, according to Bankrate.com in North Palm Beach, ...

and more »

Read more...