what is a 30/10 mortgage loan?
594291
Fixed for 30 years, your payment is interest only for first 10 years. Or possibly a 30 year loan due in 10 with a balloon payment. more than likely the first.
341023
Here is the equation:\n\nloan amt times the percentage rate.  Add that to the loan amount and divide by the number of months.\n\nexample:\n\n10000   + (10000 x 6%)=10600\n10600/60=176.666
688866
Yes, I actually do what it is you're speaking of.  Not small loans, but loans between 10-100k+.  It's quite an interesting process which centers around what you offer for collateral.\n\nFor example, if you have a home worth 100k and have it paid off, or even mostly, it's pretty easy to get a loan, even with very poor credit.  If you have a business, and are struggling to get a loan, if you have assets (equipment, accounts receivable, contracts, real estate, etc), there are people who specialize in loans on business assets.\n\nExpect to pay a high interest rate and sometimes a high origination fee.\n\nFeel free to email me with any questions, good luck!\n\nJared
180976
The 30yr mortgage rate will probably not move until the end of April.At that time it looks like it will go up .05% . The sooner you lock in the better.
19117
Try this one\nhttp://www.hfamerica.com/?ovchn=GGL&ovcpn=11.26&ovcrn=mortgage+rate&ovtac=PPC
145393
That all depends on your credit, the LTV, what hits you are going to take, the type of loan you are looking for, whether or not you want a prepayment penalty, and so on. \n\nIf you have a FICO in the 700+ range, and you are doing a full doc loan on a primary single family residence, with a 30yr fixed term you can expect between 6.125 + 6.625.
489057
get the lowest fixed rate mortgage you can get and invest the money borrowed in something secure like a money market.  Let's say you borrow at 5.75% and invest at 4.5% - the interest paid on the mortgage is tax deductible - for a person in the 28% marginal bracket the effective rate is 4.14%.  As interest rates rise, your mortgage payment stays level but your income from the investment rises.
69856
There are many loan programs that would offer you a 30yr fixed product and little or no closing costs.  Write me an email if you would like to ask additional questions about the process or if you would like a quote. Check my bio (by clicking my screen) for my email address if you like.
1171176
NO - NOT AT ALL - LENDERS WILL LOVE YOU - 500 IS THE LOWEST A LENDER WILL WORK WITH (ON A HOME MORTGAGE) AND THAT IS NOT 100 FINANCING - YOU COULD GET 100 PERCENT FINANCING ON A HOME / AUTO, ETC.  THE HIGHEST i HAVE SEEN IS 805 AND THAT IS AWSOME, THE AVERAGE IS 580 - 720  - THERE ARE NOT MANY OVER 720+  SO  YOU ARE DOING GOOD - LOOKS LIKE YOU PAY YOUR BILLS ON TIME, AND KNOW HOW TO MANAGE YOUR MONEY - CONGRATULATIONS.
332705
The down payment is a key factor. Usually the 2nd (line of credit) is at a higher rate and shorter term. Making the payments high.  The more down you can provide the lower your monthly payment will be. There are also many options like Interest Only and even some Negetive Amortized loans which have considerably lower payments than the conventional 30yr fixed paymetns. It ultimatly depends on what your long term goals are? \nBest thing I can recommend talk to a loan specialist at your local bank.
653901
To be to the point, mortgage rates mirror the 10 year Treasury.
996091
Hi I work for a mortgage bank people with good credit  700 and above going full doc (W2 etc.)  0 x30 ( no lates) on your mortgage  no bk  good clean credit you are in the range of 6.75 with no PMI or MI even over 80 ltv this is a 30 fixed mortgage with no buy downs (read GMAC & quicken fine print) If you have any other questions please email at johng@oldmerchants.com
194823
6 months interest which is just a tiny bit less than 6 mortgage payments if you're on a 30 year loan.
70668
They will offer you an 80/20 percent , 2 loans, the second will be the downpayment, and 2 years will be INTEREST ONLY!\n\nBe sure the loan officer not add too much for transaction...
2800
I just asked myself this question a couple of months ago. I ran a spread sheet with a side by side comparison of my 6 1/2% 30 year mortgage versus an equal dollar amount invested at 5% for the same term. You would expect to save quite a bit paying off the debt but you actuality save by keeping the mortgage.
137854
This type of mortgage refers to paying the interest portion only of the monthly mortgage payment. The principal will be left on what you owe the lender. 100% LTV means you will not be puting any money down. You will be financing the entire sales price and would only need to bring in money for your closing costs. Sometimes Sellers can help with those costs as well. If you need any more help just email me: jclark@progressiveloan.com
553936
An average is between 20% - 30%...