Category Archives: low mortgage rate

What exactly does this rate cut mean? Does it lower mortgage rates? Bank rates?

Posted by admin on July 20, 2010 3 comments

I am just a little confused on what the interest rate cuts target exactly. Does it mean the interest rates on savings and CD’s can go down? What does it mean for the dollar? Savings and CDs will drop downward, maybe as early as tomorrow, or be lagged through the first week of November. Mortgage [...]

Is it possible to get a LOW rate mortgage for 4 years NO DOC with large cash assets?

Posted by admin on July 20, 2010 1 comment

I have a 750 credit score, owe 264000 on my mortgage – no other debt, house is worth 330000. I have 500000 cash in the bank in CDs and IRAS. I plan to pay off the mortgage in 4 years when the CDs mature, but in the meanwhile I am paying 6.8% on my mortgage [...]