Residential and commercial mortgages [mortgagecalculator-tips.blogspot.com]
www.DelawareMortgageLoans.net - Delaware mortgage rates weekly update for he week of July 2, 2012 from John R. Thomas with Primary Residential Mortgage. Delaware mortgage rates are once again at all time historic lows so recommend LOCKING in your Delaware mortgage rate. See full story here www.delawaremortgageloans.net John R. Thomas Certified Mortgage Planner - NMLS 38783 Primary Residential Mortgage, Inc. 248 E Chestnut Hill Rd Newark, DE 19713 302-703-0727 Office Apply Online at www.PRMDelaware.com Free Delaware First Time Home Buyer Seminar - http Free Maryland First Time Home Buyer Seminar - www.MarylandHomeBuyerSeminars.com
mortgagecalculator-tips.blogspot.com Delaware mortgage rate weekly update July 2 2012
Â
A commercial mortgage is a loan where a property occupied by a borrower other than a residential property as collateral is provided to secure the payment of interest and principal payments, or just the interest. In the case of commercial mortgages, the deposit is usually a commercial building, an office, a store or other retail properties.
Â
These mortgages are usually the companies that made money the need for working capital, purchasing new equipment, or even an extension. And because a company can be formulated as a partnership or limited liability company, to assess the creditworthiness of a company by a financial institution is more complex.
Â
The residential mortgage loan rates differ from the commercial and the prices are usually higher for commercial mortgages and this is due to the risk of residential mortgages and the default percentage is lower compared to commercial mortgages are linked.
Â
Mortgages can also be either a fixed-rate mortgage or adjustable rate mortgages are classified.
Both can be purchased for private and commercial mortgages. The adjustable rate mortgage initial interest rate is usually lower than the fixed rate mortgage interest rate.Â
The Federal Reserve Board regulates primarily mortgage rates and if the board changes the interest rates that mortgage lenders should then adjust their rates accordingly.
They are also influenced by economic and market factors such as inflation.Lower rates can also be used in situations where you only pay 20% deposit or more of the loan amount, but if you have a down payment of 5% or less of the loan amount, you may be able to qualify for a higher interest rate loans.
Â
Mortgage loan rates usually somewhere between 5 and 13%. Long-term loans have slightly higher interest rates than short-term loans and the difference is usually less than 1%. Loan rates also differ with mortgage loan types, such as FHA loans, VA loans, commercial loans, home equity loans, home improvement loans, and bad credit / sub prime mortgages.
Find More Residential and commercial mortgages Topics
