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Anonymous Posted 21 years ago
Business & Finance

Mortgage Interest Rates - Loan Interest Rates

I have a variable mortgage loan the intrest rate for it now is 6.45% it will go up Oct. 2006. It can go up by 2% points depending on how much the interest has gone up sense I got the loan, 2% maximum, for now. last year the interest rate was 5.7%, now it is 6.4 % this is what Greenspan has raised it too and this is what my intrest rate is attachec to. I do not know how to figure out or find on the internet how much constitutes 1% rate. Can some one please explain to me how much the intrest rate has gone up in the above, 5.7% to 6.4%.

Thank you so much for your time.

Craig Weaver
  

Top answer

How about looking for a Financial Advice forum site, Anon. This is an English forum, and what you have posted is barely English.

  • How about looking for a Financial Advice forum site, Anon.
  • This is an English forum, and what you have posted is barely English.
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7 Answers
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How about looking for a Financial Advice forum site, Anon. This is an English forum, and what you have posted is barely English.
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Mister MicawberHow about looking for a Financial Advice forum site, Anon. This is an English forum, and what you have posted is barely English.

Is there really a need to be so "mean" dude.... it's enough to simply tell the guy that this is not the forum for him to use. How does this reflect on those learning the language?

Be cool next time!
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One of the perks of gurudom, My2sense-- and there are precious few.
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Variable Interest Rates

Variable rates are currently around 7.0% and are expected to stay near that level for the rest of the year. Variable rates may be discounted for a fixed period. This means that for a fixed period, you will pay interest on your mortgage at a lower level than the standard variable rate.

Example:
Assume the Standard Variable rate is 7.00% and the
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0 hi,02br
02br
00 I may sell the house with in a year or two.At this moment i don't want to tie up with early payment fees.I understand life time tracker is only the option in my knowledge.Can you help to choose which one is good for my circumstances and which lender giving good deal at present. 0-
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The monthly payment fluctuates in line with the lender's mortgage rate. This can cause budgeting problems in times of increasing interest rates. Some lenders offer an annual review so that the amount you pay only changes once a year with the difference adjusting your outstanding mortgage. Lenders may also offer a version where your monthly payment fluctuates in line with the Bank of England Base
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yeh i agree go to other sites

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