Friday, March 18, 2011

4% Interest Mortgage Consolidation.

According to bankrate.com interest rates for 15 year fixed mortgages are currently 4.0% which is very low. If your mortgage is at a higher rate than this, or if you have a variable rate mortgage, now could be a very good time to consolidate.

Consolidating your loans can save you a whole lot of money. It is always best to pay the least amount of interest possible. The two ways of doing this is by paying your loan off more quickly or by getting a lower interest rate.

Historically, mortgage interest rates have been much higher than they are today. These rates will only last while the economy is still weak. As the economy is currently in recovery, interest rates are only going to go up.

Don't wait until it is too late to take advantage of these low interest rates. If you do, it may end up costing you money.

17 comments:

  1. I just payed off my last bit of student loans.

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  2. luckily i have a while before i have to worry about all this loan stuff haha

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  3. Damn it, payed off my student loans right before the market drop.

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  4. Ill be sure to jump on this thanks!

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  5. Yeah, I don't have a mortgage yet... One day. Right now I am working on student loans.

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  6. Pretty good information. Following.

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  7. You read the Consumerist? Sounds like a website RIGHT up your alley.

    Good post. Following.

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  8. I always thought about it and I don't think I'd ever buy a house just for the purpose of never dealing with this nonsense.

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  9. Good to know im taking houseloan in about 6 months.

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  10. I might do it, thanks for the info!

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  11. I'll have to keep this in mind. keep up posts like this!

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  12. I'll have to keep this in mind thanks

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  13. YEah i dont think they will get much lower the time is now!

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  14. 4% doesnt seem very bad.
    anyway good info.

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  15. Personally, I refuse to owe money to anyone. It might be tough in the short run, but in the long run, it's much more liberating.

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