1 / 7

Mortgage Interest Rate Fundamentals

Home loans at attractive interest rates from HDFC Home loans. Best home loan rates for women and salaried individuals.Home loans at lower processing fees<br>

ShreekantRao
Download Presentation

Mortgage Interest Rate Fundamentals

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Home Loan Rates

  2. Mortgage Interest Rate Fundamentals

  3. An interest rate is the price of money, and a home mortgage interest rate is the price of money loaned against the security of a specific home. • The interest rate is used to calculate the interest payment the borrower owes the lender. • The rates quoted by lenders are annual rates.

  4. Home Loan Rates and Other Loan Charges Interest is only one component of the cost of a mortgage to the borrower. • They also pay two kinds of upfront fees, one stated in dollars that cover the costs of specific services such as title insurance, and one stated as a percent of the loan amount which is called "points". • And borrowers with small down payments also must pay a mortgage insurance premium which is paid over time as a component of the monthly mortgage payment.

  5. Fixed Versus Adjustable Interest Rates A mortgage on which the interest rate is set for the life of the loan is called a "fixed-rate mortgage" or FRM, while a mortgage on which the rate can change is an "adjustable rate mortgage" or ARM. • ARMs always have a fixed rate period at the beginning, which can range from 6 months to 10 years. • Source: http://www.huffingtonpost.in/entry/mortgage-interest-rate-fu_b_12083874

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Home Loan Rates: https://www.hdfc.com/home-loans-salaried Thank You…

More Related