Posts tagged Interest Rates
What are Interest Rate Caps?

When you get an adjustable rate mortgage, the interest rate changes at set intervals in accordance with the market. In order to keep the rate from rising too high too fast, interest rate caps were introduced, to ensure the rate could only change at a manageable pace.

Read More
Can I Get a Lower Rate Without Refinancing?

If you’re feeling the heat from paying a high interest rate on your mortgage, you might be considering refinancing your home. However, consider this: refinancing usually requires a ton of paperwork, a lot of time, and a whole new set of closing costs.

Read More
Are Interest Rates on Mortgages Negotiable?

Due to the expense of mortgage interest, it only makes sense that you would want to do everything in your power to pay a lower interest rate. But how? Oddly enough, you could first try by asking! Negotiating with your lender to reduce your potential interest won’t work in every situation; but it can pay to know when and why it might work -- and what you can do to swing the results a little more in your direction.

Read More