Loans
Advantages and Disadvantages of a Fixed-rate Mortgage
It is a decision that is almost as important as which house you purchase – which type of mortgage to get. Choosing the right mortgage for your specific needs can potentially save you thousands of dollars over the term of the mortgage. Your two basic options when it comes to a mortgage will be a [...]
20Mar2009 | admin | 0 comments | Continued
Adjustable Rate Mortgages – a Beginners’ Guide
Adjustable rate mortgages are the alternatives to fixed rate mortgages. These are the mortgages on which the interest rates would fluctuate throughout the life of the loan depending on the market trends. Hence, the borrower will have to make higher payments in some months than in others.
Adjustable rate mortgages are represented with ratios such as [...]
Factors That Influence Variable and Fixed Canadian Mortgage Rates
The turbulent past few weeks in the global economy has been playing havoc with interest rates as the Bank of Canada was among several global central banks to drop their prime lending rates to try and slow down the economic downturn. The typical reaction from the Big Banks is to follow the Bank of Canada’s [...]
9Mar2009 | admin | 0 comments | Continued
Current Fixed Rate: Who Can you Trust for Real Rate Information?
You would be hard pressed to find a mortgage or financial website out there that does not have current fixed rates on it. But where are they getting their data and who can you trust?
Well a rate quote comes in 3 different groups. One is a bait and switch rate. The second is an honest [...]
Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis
By, Shah Gilani
Contributing Editor
Money Morning
Underlying the credit crisis gripping the U.S. and world economies is a crisis of confidence. Blame has been laid at the feet of the U.S. Federal Reserve, and an investment bankers’ brew of toxic financial products. Ultimately, however, it was the supposedly trustworthy rating agencies that got everyone to drink the [...]
Mortgage Rate History, Fixed and Variable Rates Compared
One of the tools that you can use for your rate analogies is a mortgage rate history. A mortgage rate history will give you a closer look at the different rates at a given span of time. Are you trying to find the lowest mortgage rates or a low mortgage rates refinancing in your area, [...]
4Mar2009 | admin | 0 comments | Continued
Home Loan Rates - Arm or Fixed?
There are many ways to structure home loan rates, but the two most common type of loan structures are the Fixed Rate Mortgage and the Adjustable Rate Mortgage. The type of mortgage rate that you choose will depend upon your own situation. The interest rate is the amount the loan costs you over time and [...]
Credit Rating Agencies - Need for Reform
Credit Rating Agencies (CRAs) – Need for Reform1. Crisis – Spotlight on CRAs“Credit-rating agencies use their control of information to fool investors into believing that a pig is a cow and a rotten egg is a roasted chicken. Collusion and misrepresentation are not elements of a genuinely free market ” - US Congressman Gary AckermanThe smooth [...]
24Feb2009 | admin | 0 comments | Continued
Fixed Versus Floating Exchange Rate
An exchange rate is the price at which one country’s currency trades for another on the foreign exchange market There are 2 extreme regimes of exchange rates – floating exchange rate and fixed foreign exchange rate.Floating Exchange RateThe floating exchange rate is a market-driven price for currency, whereby the exchange rate is determined entirely by [...]
11Feb2009 | admin | 0 comments | Continued
Interest Rates
An interest rate is the amount charged on money borrowed or lent and is usually expressed on a per year basis. Interest rates can be either variable, meaning that the amount of interest charged varies due to the market, or fixed, meaning that the amount of interest charged will never change. There are three forms [...]
2Feb2009 | admin | 0 comments | Continued
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