http://www.ArticleOnRamp.com/Category.cfm?SubCategory=551 Internet article directory, submission, and distribution. en-us Copyright 2009 Article OnRamp http://backend.userland.com/rss/ Sat, 21 Feb 2009 13:27:53 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=31238 In the wake of last weeks shock announcement by Bank of England of a 1½% interest rate drop from 4.5% down to 3%. This was not before time! Around 40 mortgage lenders withdrew their trackers rate products from the market and said they would be reviewing and relaunching their tracker products later this week. By last Friday afternoon the London Interbank Offered Libor (Rate) which shows the interest rate at which the banks are willing to lend money to each other finally fell to 4.49% from 5.56%. ... Read more info@ArticleOnRamp.com Mon, 10 Nov 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=31238 http://www.ArticleOnRamp.com/Article.cfm?ID=30820 When the monetary policy committee decides to change its interest rate, the effect is that all banks and similar deposit-takers have to follow suit and alter the interest rates at which they lend and borrow by something like the same amount. This means that the banks base rates are inevitably variable rates, because they follow the bank of England’s rate that is adjusted as necessary to put into operation the monetary policy used to control the economy of the UK. Until fairly recently, mos... Read more info@ArticleOnRamp.com Wed, 08 Oct 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=30820 http://www.ArticleOnRamp.com/Article.cfm?ID=26548 ‘How has the credit crunch affected you?’ is going to be one of the biggest and most often asked questions of 2008, and only a lucky few will likely be able to answer ‘not at all’. More likely is you’ll receive an answer from one of the unlucky many whose finances have been stretched and tested – especially those with mortgages. In just a couple of years, the face of the mortgage market has changed dramatically, with banks and lenders desperate to pull something back in the wake of some re... Read more info@ArticleOnRamp.com Thu, 08 May 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=26548 http://www.ArticleOnRamp.com/Article.cfm?ID=26309 When thinking about the economic slowdown now gripping the United States, one might think of the naked emperor of yore, who could not realize his condition until told by a child. By the time analysts and the White House recognize the extent of the credit crisis, its effects will probably not be noticeable. So where are we now? Several times since last August's signs of an imminent drop in growth, markets have rallied due to speculation that problems in the area of sub-prime mortgages have "botto... Read more info@ArticleOnRamp.com Thu, 01 May 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=26309 http://www.ArticleOnRamp.com/Article.cfm?ID=25016 There are many decisions when buying a home. One of them is what kind of loan product to use. With interest rates, payment terms and points it can be a little overwhelming. In this article we are going to compare and contrast two popular loan products the 30 Year and the 15 Year Loan. First let's current mortgage interest rates. 30 Year Fixed Loans are at 5.85% and rates on 15 Year Fixed Loans are at 5.34%. What does this mean as far as your mortgage payment? People frequently assume tha... Read more info@ArticleOnRamp.com Thu, 03 Apr 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=25016 http://www.ArticleOnRamp.com/Article.cfm?ID=24944 In the past I used to tell people to look at different mortgage rates for different loan products and determine what was best for them. If they were planning on moving soon a 5 Year ARM might work. If they planned on staying on the house longer they might consider a 30 Year Loan. I don't say this any longer. Why? Because of recent developments the 30 Year Loan is king. If you can get a 30 Year loan in the current market 95% of the time it's the best choice. If we look back to the beginni... Read more info@ArticleOnRamp.com Wed, 02 Apr 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=24944 http://www.ArticleOnRamp.com/Article.cfm?ID=24921 The most basic distinction between different mortgages depends on how the interest rate is charged. There are two types of mortgages, the first one is the fixed rate mortgage and the second is an adjustable rate mortgage. In case of a fixed rate mortgage, the rate of interest charged by the lender remains the same through out the period. The interest rate charged in case of fixed rate mortgage is unaffected by the general interest rate in the market. On the other hand, in case of rate adjustable... Read more info@ArticleOnRamp.com Wed, 02 Apr 2008 00:00:00 -0500 http://www.ArticleOnRamp.com/Article.cfm?ID=24921