Index is almost always the 1 Year LIBOR....and the margin is usually 2.25%. And the bank rately takes a loss on the loan because now they sell everything most loans to Fannie Mae, Freddie Mac or FHA.
God (real knowledge and wisdom/the everlasting Truth) has His advice for people around the world to stop your slavery to the system and international bankers/NWO (if you want your freedom and your true wealth, which they have stolen from you using their banking tricks and injustice laws, back). Unite and go to your local banks and demand all your savings back, they will collapse. Learn the truth about God at: thewayhomeorfacethefiredotnet
Watch Max Keizer Report to understand why we have bubble in housing market. Khan´s explanation only works in ideal situation where Bankers and Wall Street do not create greedy economy for bailout and gives themself hundred of million bonuses
@codredaniel Interest rates will vary throughout the 30 years, so if the bank is charging you the 5% fixed rate then they are taking a risk because the interest rate might raise, which means that they could have been making that much more. If the rate rose by 3% to 8% then the bank could have made an extra 3% if it was not fixed. This is also know as an opportunity cost.
Index is almost always the 1 Year LIBOR....and the margin is usually 2.25%. And the bank rately takes a loss on the loan because now they sell everything most loans to Fannie Mae, Freddie Mac or FHA.
AmStarMortgage 1 week ago
God (real knowledge and wisdom/the everlasting Truth) has His advice for people around the world to stop your slavery to the system and international bankers/NWO (if you want your freedom and your true wealth, which they have stolen from you using their banking tricks and injustice laws, back). Unite and go to your local banks and demand all your savings back, they will collapse. Learn the truth about God at: thewayhomeorfacethefiredotnet
asiantown2013 1 week ago
thank you
meme112233able 2 weeks ago
Call 1-877-375-3165 for your FREE Credit Analysis with Lexingtonlaw paralegals.
mostpopular2010 3 weeks ago
Check out the many videos I have posted answering common mortgage lender questions.
JCRealtyDenverLLC 1 month ago
interest mortgage video
buytoletlandlord 2 months ago
Don't buy a house until you can put at least 50% down.
FortNikitaBullion 3 months ago
Watch Max Keizer Report to understand why we have bubble in housing market. Khan´s explanation only works in ideal situation where Bankers and Wall Street do not create greedy economy for bailout and gives themself hundred of million bonuses
crumcon 6 months ago
@codredaniel Interest rates will vary throughout the 30 years, so if the bank is charging you the 5% fixed rate then they are taking a risk because the interest rate might raise, which means that they could have been making that much more. If the rate rose by 3% to 8% then the bank could have made an extra 3% if it was not fixed. This is also know as an opportunity cost.
ADRIANC92ER 6 months ago
If you had a 30 year fixed can you pay off the loan, before the 30 year period? Also could you pay off the 5/1 arm during the 5 year period?
Upthemeds 6 months ago