Mortgage Rates | Current Mortgage Interest Rates 2017-18 SOLANO CA
Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage and right program and excellent support from Affordable payment.
In this Article we shall focus on answering some common queries of SOLANO CA mortgage borrowers:
Life Time Cost of the Loan to Solano CA mortgage borrower:
Let’s get it straight. The objective of the lender is to make the maximum amount of money either from you which helps the lender with better margins or by selling the home at a higher price than what you bought for.
You as a mortgage borrower wants the lowest possible payment and the lowest interest rate on the mortgage.
Can you just judge that by looking at what your monthly payment is each month?
A mortgage expert can help you understand the life time cost of the mortgage.
Risk for a mortgage borrower:
A borrowers looks from the point of view of his investment doubling in times to come. A place to live in. However there are other considerations such as what if the mortgage market crashes like the way it happened in 2008. What if the borrower is unable to make his house payment?
In real life situation a borrower has too many of his own problems to deal with and as such he is really looking at nothing more than a monthly payment that is fixed and if that is getting him savings. He will secure and good.
For an average consumer mortgage is so complex that they only focus on lower fixed monthly payment and like to lock in at lower rates.
Consumers should not focus just on 30 years fixed but look at 15 years fixed or ARM as a means to pay off their mortgage faster. A 30 year is the most expensive mortgage rate and banks like to sell it expensive because they call it a psychological rate. The banks know that the borrower will refinance within a year or two but just so that the payments are fixed regardless the borrower will go for 30 years and so the 30 year is the most expensive interest rate.
Call Solano CA mortgage expert below to get you the lowest mortgage rate on your refinance.
For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.
30 yr fixed refi 3.807% APR 3.775%Rate | At 0 pts
20 yr fixed refi 3.500%APR 3.500% Rate | At 0 pts
15 yr fixed refi 3.044%APR 3.000% Rate | At 0 pts
10 yr fixed refi 2.940%APR 2.875% Rate | At 0 pts
Artical by Roger Shanker
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