How Lender’s Set Mortgage Rates Part II

www.myfirsthomenewsletter.com Ever wonder how lender’s come up with the rates they do? You can stop wondering, cause I’m going to tell you how. We all answer to a higher mortgage rate power, namely the secondary market. The secondary market is where Fannie Mae, Freddie Mac, and other mortgage lenders ply their trade. These government founded agencies purchase the loans that lenders make, then either hold them in their portfolios, or bundle them with other loans into mortgage-backed securities. How Lender’s Set Mortgage Rates Part II Video contains royalty-free music of Kevin MacLeod (incompetech.com), commissioned by Creative Common Attribution 3.. creativecommons.org
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What are the best Mortgage lenders out there with the lowest interest rates and the lowest closing costs?

Question by Landshark: What are the best Mortgage lenders out there with the lowest interest rates and the lowest closing costs?
I’m thinking about re-financing,but the more lenders I talk to,the more confusing it seems to get.I need to find a lender who is honest and a straightshooter.I’m tired of these guys who only think for themselves first.The rat seem to be great,but then those closing costs are absolutely rediculous.Any lenders out there who charge less than the average Joe?

Best answer:

Answer by micheal j
Mrs.Monica james. a certified, reputable, logical & an accredited private lender.she loan money out to individuals in need of financial assistance.Do you have a bad credit or you are in need of money to subsidize bills?i want to use this medium to inform you that she render reliable beneficiary assistance as she’ll be glad to offer you a lend.Services Rendered include:*Refinance*Home Improvement*Inventor Loans*Auto Loans*Debt Consolidation*Line of Credit*Second Mortgage*Business Loans*Personal Loans*International LoansPlease write back If Interested.Upon your response you’ll be provided the lend application to fill.No social security and no credit observed required, 100% Guaranteed.I Look forward permitting her be of beneficiary service to you.she shall await your response at your earliest convenience.you can email her at mloans02@hotmail.com

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Mortage Rates and Inflation 20110512

Inflation and Mortgage rates!

Q&A: Where do you see mortage rates going in the next 6 months?

Question by kathy6091: Where do you see mortage rates going in the next 6 months?
I want to refinance, but I’m not sure that I should wait any longer in fear that mortage rates will increase further. I’m in a variable loan and want a fixed – looking for some insight.

Best answer:

Answer by toemas05
Down the drain. I hate my life because I want a house in the next few years and I know it’ll rise like crazy then.

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Understanding Rising Mortage Rates

Understanding Rising Mortage Rates

It’s not uncommon to see mortgage rates misspelled as mortage rates, I’ve made the mistake myself many times. Anyway we both know what is meant and right now I want to talk about the possibility of rising mortgage rates.

Current mortgage rates are lower than historical averages even though those with short memories and those that are young wouldn’t know this because rates have been so low for so long. Currently there are a lot of experts predicting that rates will finally begin to rise, perhaps sharply, after the November presidential elections. Now that may be in question because of the recent bailout of mortgage giants Fannie Mae and Freddie Mac coupled with the Federal Reserve’s bias towards lowering interest rates going forward. While we would all like to see the low mortgage rates continue forever, it’s inevitable that they will one day rise. Here are some reasons to think that rise will come sooner rather than later.

1. Rising Inflation

You’ve all seen prices for nearly everything rising lately. Gas, food, transportation, energy and a host of other prices have jumped dramatically in the past year. If this continues we will start to feel the pressure of inflation in the form of increasing interest rates. It’s simple economics that as the prices of goods and services rises so will the cost of money in the form of higher interest rates for everything from personal loans to credit cards to your home mortgage rates.

2. Falling US Dollar

The U.S. dollar has been falling steadily for several years now and the sub prime mortgage crisis here in the U.S. has helped to keep that fall continuing. As the crisis spreads from the housing and mortgage markets into the rest of the financial sector the U.S. is perceived as an unstable financial country and a risky place to invest. This causes a further weakening of the dollar as investors around the world sell dollars to buy investments in other countries. In order to attract world investors to put their money in the U.S. we need to entice them with higher returns on their investment and that means higher interest rates.

Until we see the dollar strengthen and stabilize at higher levels we will continue to have upward pressure on the interest rate in the U.S. and thus on the mortgage rate here as well.

3. Increased Risk

Because of the sub prime mortgage crisis mortgage lending is more risky than it’s been in decades. This has been compounded by sharply falling home prices in some areas and defaults on loans that once were considered safe by the mortgage lenders. Because of the higher risk in lending we will also see increasing mortgage rates as a hedge against this risk.

These three factors combined will serve to drive mortgage rates up from their unusually low levels. It’s inevitable that we see a return to average historical rates, which will likely be a shock to many, especially those who have never seen or can’t remember double digit interest rates on mortgages. When interest rates begin to rise to combat inflation and the falling dollar we will likely see a sharp spike in mortage rates here in the U.S.

Question by tru_belle: Can I deduct a business mortage payment or only the interest and why?
I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?

Best answer:

Answer by Jonathan B
The business can only deduct interest expense. If you own the property personally, and the loan is in your personal name (OK if business is a co-borrower), then the business could deduct the entire payment as rent expense. However, you’d then have a separate schedule on your tax return for this commercial real estate. You’d show the rent payment as income, and then deduct the interest expense there. If the business is an S-Corp then shouldn’t be much of a difference either way. . .

If you’re a business owner with commercial real estate, you really should have a CPA (or experienced tax accountant) prepare your taxes. . . .

Oh, you can’t deduct the entire loan payment, as principal paid is a repayment of money lent to you!

What do you think? Answer below!

Track for Mortage show Indaiatuba Evil Fest 666 (2006)
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