Showing posts with label mortgage refinance. Show all posts
Showing posts with label mortgage refinance. Show all posts

Monday, April 9, 2012

Interest Rate | Refinance Loan

There Are Many Ways To Get The Lowest Interest Rate On Your Home Refinance Loan.

Maybe you need a little extra cash for a home remodel or college tuition, or perhaps you simply want to save some money. Whatever your reason, refinancing your home loan can be a smart move as long as you get a low rate. Here are some simple tips that can ensure you get the lowest rate possible on your Home Refinance Loan:


Clean up your credit


Lenders use your credit score as one tool for determining your interest rate. In general, the better your score, the lower your ...


Deferred Interest Mortgages | Mortgage Loan

How Deferred Interest Mortgages is Good Home Financing

Negative amortization, or "deferred interest," describes loans that have payment adjustment caps in addition to interest rate adjustment caps. Negative amortization loans calculate two interest rates. The first is called the payment rate the second is the actual interest rate.  The true interest rate is calculated as simply the index plus the margin without periodic caps.