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Home Loans Mortgage Rates

Norman Said:

interest rates of student loans vs. home mortgage which one are higher?

We Answered:

Since mortgates are secured by the house, the rates would be lower than unsecured student loans.

Florence Said:

the interest rates on mortgage loans are based on prime?

We Answered:

I don't know. I'm justing hoping that it stays low for another few months, so we can sel our house, and buy a new one with a good interest rate.

Allen Said:

Mortgage vs. home loans?

We Answered:

Both terms refer to a loan secured by the home. Technically, the mortgage is a separate document that actually pledges the home as security for the loan. The mortgage, promissory note (promise to pay the loan) and title transfer are normally ALL signed at the same time at 'closing'.

Angela Said:

if the us in financial trouble because of the housing problem why not lower mortgage rates on home loans????

We Answered:

What financial trouble?

Irene Said:

why mortgage ezy raised home loans interest rates by 0.5% today? anybody?

We Answered:

ask this question to the panel of experts at Training8m, Australia. Log on to www.training8m.com, which answers your queries on any Finance Management Queries. Training8m, Australia

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