0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the average fixed rate on a student loan?
The current average fixed rate on a student loan is %6.80. Of course this changes on a regular basis as the economy and prime rate fluctuate. This also depends on the country you are living in.
Who controls commerical loan rates?
There are multiple factors that affect commercial loan rates. Loan rates are controlled by predesignated amounts and changes in the economy.
What are fixed mortgages and what do they do?
You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't change the entire time you have the loan--even if the economy fails and everybody else has to get higher interest rates. However, the rates are usually set up higher and you end up paying more in the long run if you have a lengthy loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.
Can you change from a variable loan to a fixed loan?
If agreed by the Bank/Loaner - fixed load has fixed interest
What is the difference between a fixed loan and a conventional loan?
A conventional loan is a loan that is not insured by the FHA, VA or USDA. Some are ARM's and some are fixed. You can get a fixed rate conventional, FHA, VA or USDA loan.
What is the best advice on investing in fixed loan rates?
Most people do not invest in fixed loan rates. Fixed loan rates means the rate at which one would pay interest on a loan does not change over the course of the loan.
What exactly is an equity fixed home loan?
An equity fixed home loan is a home equity loan with a fixed interest rate. These are used to repair a roof or fix a septic system. The homeowner takes this loan out in addition to the first mortgage and the equity fixed home loan is often referred to as the second mortgage.
When is it better to use a variable loan instead of a fixed rate loan?
I'm not sure it's ever "better". If you have a crystal ball, and can predict exactly what the economy and banking are going to do over the life of your loan, you might well see that a variable rate loan would be in your best interest. But while you may pay out more in the long run, a fixed rate loan is much safer. There's a lot to be said for that. And if, perchance, you are getting ready to buy a house right now, for heaven's sake go with a fixed rate loan! You can't lose!
What was the lowest 10 year fixed mortgage rate for 2010?
The lowest 10 year fixed mortgage rate for 2010 depends on several factors. These factors include purchase, refinance, loan amount, and state one is applying for the loan.
What type of mortgage loan has a fixed rate fixed term and fixed payment?
ARM
What is the difference between A variable rate home loan and a fixed rate home loan?
The lender can change the rate on a variable rate loan. A fixed rate stays the same for the life of the loan.
What is the par rate for a particular 30-year fixed loan?
The par rate (the actual rater for a particular loan) for a 30-year fixed loan is 3.41 percent.
