How are home loans priced where you live?
Question : How are home loans priced where you live?
In your country, do you get home loans at a fixed rate for say 15 years?
Do you have to pay a large penalty for pre-paying?
If the loan is at a floating rate, what is it pegged to?
Do loan rates vary according to individual credit profiles?
home loans
Best answer:
Answer by Ashley
Home mortgage loan refers to the loan lent to someone who buys a house from a developer, makes the initial payment and lets the bank to pay the rest in installments. He will use the house as collateral and pay the principle and interest on time. With flexible payments and terms, today,mortgage lenders offer a wide variety of loan products.
http://www.worldbestloans.com/homeloans.htm
Your credit score plays a key role in many aspects of your life, including the process of applying for a loan. Lenders scrutinize your payment history on all previous loans, bankruptcy filings, and other financial factors when deciding whether or not to approve your application.
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