Should we refinance from 6 1/8 interest rate to a 5.5 interest rate on our 30-year fixed rate loan? related questions

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Should we refinance from 6 1/8 interest rate to a 5.5 interest rate on our 30-year fixed rate loan?4tim2012-11-05 22:16:02
the value of the house : $ 600,000 Loan Amount : $ 477,000 Our loan officer said it's worth refinancing if you get a rate of 5.5 % or less. But we have no cash for closing costs of $ 5,000 ... suggested making a seprate HELOC to cover closing costs . Is this worth it? Or should we continue our 6 1/8 % rate ?
What is the formula to calculate the rate of interest for flat rate or diminishing rate issued in the car loan?0aisya2012-10-19 09:32:36
What is the formula for calculating the interest rate fixed rate or rate of decline issued the car loan ?
My 2 year fixed rate mortgage ends in september then moves onto a variable rate.?0Peter2012-09-21 17:07:02
The property was bought by 79,000 two years last September. What is the best course of action to take now? My flat is no doubt in negative equity now . I have no plans to move back home . Also I have a secured loan against my house , not sure if this information is needed , but I thought I'd add it anyway . Thank you.
My loan has 2 rates: Annual Percentage Rate & Interest Rate- I thought I would only be charged the interest!?0b rad2012-11-05 18:37:39
I have $20,937.01 in credit card debt. I know, I know, I really did myself over. My interest was off the charts on 3 separate cards, so I applied for a personal installment loan and received $20,000.00 at an interest rate of 6.99% over the course of 60 payments at $437.34 each. I have NEVER taken out a loan before and I tried to listen attentively and ask as many questions as possible in order to fully comprehend all the details, but I was never told about an Annual Percentage Rate of 7.223%, which I can now see on the paperwork I was given to take home with me. I am very confused. Why are there 2 rates? How is this decided? How much am I actually going to pay in interest then? I would really appreciate some insight. Thanks so much!
Will all the federal interest rate cuts happening lately effect my student loan interest rate?0eagle2012-08-25 04:44:02
Or I can consolidate what they do ? MedlinePlus MedlinePlus thanks
Is prime interest rate or Laibor interest rate better when colsolidating private student loans?0lorie anderson2012-08-22 06:51:02
I consolidate my private student loans and in some places have a prime rate and others have Laibor inerest rate . What is a better choice ?
My student loan interest rate is 6.8%. I only have one loan, is it possible to refinance it into a lower rate?3Sharp2012-10-25 03:05:03
6.8% seems high. My mortgage and car interest rates are much lower than that. I am only aware of how to get down. thanks
Can the rate of Penal Interest be more than the normal interest rate for personal loans?0cheerlovee2012-11-03 15:15:42
Is the comparison interest rate the same as the effective interest rate for a loan?0Mrs. T2012-11-03 18:29:59
For home loans, are they the same thing, or am I missing something?
My loan officer said the rate cut would not affect my 30 year fixed rate loan. Am I being lied to?0Einstein2012-10-19 04:34:09
We live in Jacksonville , Florida , and is building a new house . Our loan officer said " That's for the short-term rate , not in 30 , but it should help along the way . " With respect to the rate cut by the Fed today. I feel this is not right, it should reduce my pace . Can anyone tell me if I am being " taken" here ?
Should we change to a fixed interest rate?1Lonielle2012-10-04 00:40:02
My husband and I bought our first house a year , in March and we wonder whether we should change our current five-year rate adjustable to a fixed rate . We were approved in the first least 0.6 and our current rate is 2.4% . Eventually rates will rise and we must lock now? I belive it is around 4.7 % for a fixed closed righ now . MedlinePlus We paid work , great credit , car loan paid in December
Is it better to take a fixed interest rate or variable?4eric carriere2012-11-05 19:43:01
I consolidate my private student loans . I have been offered both fixed rate and variable rate. MedlinePlus MedlinePlus the fixed rate is 10.01% with no index or spread . MedlinePlus the variable is 8.86 %, with 4.86% LIBOR index and a differential of 4.00 %. MedlinePlus MedlinePlus I do not know much about math and loans , so I'm wondering if anyone has any advice . obviously , the variable rate offers a more affordable payment for me right now , but I'm worried about the future . these rates are even more good ? could find a better one? MedlinePlus MedlinePlus --- Also is smarter to pay the principle and interest , only the first interest , or to make a gradual ramp ?

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