A fixed rate refers to the means by which a payment (for our purposes a mortgage payment) is guaranteed over a given period of time. It is also the interest rate on a mortgage or loan or other liabilities that stays fixed for the entire duration of a loan or specified period. Having a fixed […]
When it comes to loans and mortgages, interest rate calculation remains one of the most confusing issues people having when researching a home loan. There are so many variables, such as terms and compounding variations that make mortgage comparison rather complicated. Forget apples and oranges; you may feel like you’re comparing avocadoes to strawberries. Here’s […]
Are you thinking about refinancing or buying a new home? If you are, chances are you would like to get the best mortgage rate in the market. In fact, if you prepare yourself well you could end up saving lots of dollars in the long run. Since you are in the market shopping for a […]