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They're interest only loans. Keep away from them. If you have a fixed rate open end mortgage, you can pay it down any time. Request an amortization from your mortgage co. If you have 30 year mortgage, you pay about 70% on the first 15 years.


Some are scams but the rates are down right now. If you have superior credit shop around if it pays in the end to refi.


No. But you can try a prepaid plan.


Look in the Yellow Pages. Get quotes from various companies that do that kind of work.

low rates news

Student loans: GOP filibuster blocks Senate move to freeze low rates

18.05.12

From left, Sen. Tom Harkin (D) of Iowa, Sen. Sherrod Brown, (D) of Ohio, and Sen. Jack Reed (D) of Rhode Island, are backed up by students during a news conference on Capitol Hill in Washington, Tuesday, May 8, as the Senate moved toward a showdown on a Democratic proposal to keep federally subsidized loan interest rates from doubling for millions of college students.


Source: Christian Science Monitor

Fixed Mortgage Rates Drop Further Setting Another Record Low Announces ...

18.05.12

BurlingtonMortgage.com announced that fixed mortgage rates have dropped to record setting levels for the second time in as many weeks.

Wilmington, NC (PRWEB) May 15, 2012

Falling fixed mortgage rates broke the record for low pricing set just one week earlier, reports mortgage rate research website, BurlingtonMortgage.biz . Average fixed mortgage rates have dropped for three consecutive weeks, and reached record lows for two. This historic pricing is reflected in the interest rates advertised by mortgage banks and lenders in the rate tables on the website. On Friday, May 11th, 2012 30 year fixed mortgage rates as low as 3.375% (APR: 3.620%, Points: 2, Fees: $1995, Lender: AimLoan.com) were posted.


Source: Houston Chronicle

How Low Interest Rates Could Push College Costs Even Higher

18.05.12 -->

The rise in student loan debt is rapidly becoming one of the most troubling trends in the economy. When graduates emerge into a weak workforce deep in debt, they face huge pressure to find the highest-paying jobs they can find, yet they still often have to make huge sacrifices for years in order to dig their way out of the financial hole. During the early 2000s, low interest rates stoked red-hot demand for housing, making it possible for buyers of modest means to get favorable payment terms that made even expensive homes affordable -- at least for a while. With a focus on creating the smallest monthly payments possible, innovations like interest-only mortgages led to many homeowners getting in way over their heads. Similarly, low interest rates make it possible for more students to afford college, giving universities every incentive to boost tuition in the face of that higher demand. As a result, even if monthly payments may end up lower, they're charged on a higher baseline balance -- which can end up costing students more in the long run.


Source: DailyFinance

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Oil May Rise as Dollar Drops on Fed Low Interest Rate Policy, Survey Shows
Oil May Rise as Dollar Drops on Fed Low Interest Rate Policy, Survey Shows

US Stocks Rise for Second Week on Earnings, Fed's Low Rates
US Stocks Rise for Second Week on Earnings, Fed's Low Rates

Asian stocks advance as Fed maintains low rates


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Dirt Cheap! Best Amazon MP3, Apple iTunes Alternatives. Download Legally.

Mortgage rates at six-week low
Mortgage rates at six-week low