Current Mortgage Rates

Friday, November 20, 2009



One common type of debt consolidation loan is a home equity loan or line of credit. Since the loan is secured by the equity you have in your home, the lender is able to give you a lower interest rate. The amount you can borrow depends on how much equity you have; lenders will typically loan you an amount equal to 80 percent of your equity, although some will lend up to 125 percent. If you're thinking about getting a home equity loan to consolidate debt, you're usually better off staying in your house for at least a couple of years. That's because, although home equity loans offer lower interest rates than many other loans, they usually have higher closing costs. In addition, home equity loans -- like some mortgages -- may carry a prepayment penalty, which is an additional fee for getting out before a specified term. These additional costs may exceed the savings you'd get from the home equity loan's lower interest rate.

A possible advantage is that interest you pay on your equity debt consolidation loan may be tax deductible. Normally, if you add your first mortgage to a new debt consolidation loan, and the total does not exceed 100% of the appraised value of your property, the interest you pay will be fully deductible. Your tax consultant can advise you on the matter, and it's always a good idea to check with him or her.



Comparing Various Debt Consolidation Loans
How to Pay Off Debt Consolidation Home Equity Loans Quicker
What are the Advantages of a Debt Consolidation Loan
What are the Costs & Benefits of Debt Consolidation
How and where to Find Debt Solutions
Should I Consolidate Debt in a New Purchase Mortgage?
Key Questions To Ask When Choosing Debt Consolidation Services?
Right Now is the Best Time for Debt Consolidation
How to Choose a Consumer Debt Consolidation Company?
All about Debt Consolidation Services
Bill Consolidation along with a Home Equity Line of Credit
All about Bill Consolidation Services
All About Loans and Debt Balance
Getting approved for a Fast Debt Consolidation Loan
Consumer Debt Consolidation vs. Business Debt Consolidation
What is Student Loan Debt Consolidation?
Best practiced Debt Solutions
Most effective Debt Help Resources
Your Debt Solution
Let Debt Consolidation Help You in taking the Right Decision
How can Debt effect a Company?
Doing Online Debt Consolidation Helps Preparation
Finding the Right Debt Consolidation Loans
How to Borrow Debt Consolidation Home Equity Loans
Comparing Various Debt Consolidation Loans
How to Pay Off Debt Consolidation Home Equity Loans Quicker
What are the Advantages of a Debt Consolidation Loan
What are the Costs & Benefits of Debt Consolidation
How and where to Find Debt Solutions
Should I Consolidate Debt in a New Purchase Mortgage?
Key Questions To Ask When Choosing Debt Consolidation Services?
Right Now is the Best Time for Debt Consolidation
How to Choose a Consumer Debt Consolidation Company?
All about Debt Consolidation Services
Bill Consolidation along with a Home Equity Line of Credit
All about Bill Consolidation Services
All About Loans and Debt Balance
Getting approved for a Fast Debt Consolidation Loan
Consumer Debt Consolidation vs. Business Debt Consolidation
What is Student Loan Debt Consolidation?
Best practiced Debt Solutions
Most effective Debt Help Resources
Your Debt Solution
Let Debt Consolidation Help You in taking the Right Decision
How can Debt effect a Company?
Doing Online Debt Consolidation Helps Preparation
Finding the Right Debt Consolidation Loans


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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed4.75%
30-yr. fixed jumbo5.25%
15-yr. fixed4.25%
15-yr. fixed jumbo4.75%
7/1 ARM4.38%
5/1 ARM4.00%
3/1 ARM4.00%
1-yr. ARM3.62%
1-yr. LIBOR ARM4.38%
10/1 ARM4.62%
*Mortgage Rates Updated: 11/20/2009