Buying a Home Info .com buying a home info.com  - home buying information for first time and move up home buyers
buying a home

Buying a Home Info.com - The Home Buying Resource on Home Buyers

buying a home
buying a home buying a home buying a home buying a home
Home
Should You Buy
Get Started
Free Credit Report
Get PreQualified
Home Buyer Grants
Find a Realtor
Search for a Home
Making an Offer
Closing
Tools & Links
Mortgage Calculator
Contact
mortgages Buying a Home - interest rate factors

Buying a Home - How does the interest rate factor in securing a mortgage loan?

A lower interest rate allows you to borrow more money than a high rate with the same monthly payment. Interest rates can fluctuate as you shop for a loan, so ask-lenders if they offer a rate "lock-in" which guarantees a specific interest rate for a certain period of time.

Remember that a mortgage lender must disclose the Annual Percentage Rate (APR) of a loan to you. The APR shows the cost of a mortgage loan by expressing it in terms of a yearly interest rate. It is generally higher than the interest rate because it also includes the cost of points, mortgage insurance, and other fees included in the loan.

>> Learn what happens if interest rates decrease, and you have a fixed rate mortgage loan 

 

home buying grant

buying a homeHome Buyer Guides
Get 9 free buying a home guides and tips for buying a home.

buying a homeHome Buying Grants
Search for home buying grants and first time home buyer programs.

buying a homeFree Credit Report
Get your free credit report online, instantly.

buying a homeFind a Realtor
Find a Realtor, buy a home, get cash back.

buying a homeSite Tools
Email this Page Bookmark this Page
Mortgage Calculator

Site Map | Search Site

buying a homeMortgage Resources
FHA Loans | VA Loans
CalPERS | Bad Credit 
Mortgages | Home Loans
Home Equity Loans

buying a home buying a home