enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Mortgage rate locks: What they are, how they work - AOL

   www.aol.com/finance/what-is-mortgage-rate-lock...

   If borrower rates decrease during your rate lock period, you can "float down" to the lower interest rate. This feature usually comes with a fee that can range from 0.25% to 1% of your mortgage ...

3. Floating interest rate - Wikipedia

   en.wikipedia.org/wiki/Floating_interest_rate

   Floating rate loans are common in the banking industry and for large corporate customers. [4] [5] A floating rate mortgage is a mortgage with a floating rate, as opposed to a fixed rate loan. [6] In many countries, floating rate loans and mortgages are predominant. They may be referred to by different names, such as an adjustable rate mortgage ...

4. Mortgage rate lock: What it is and when you should use one - AOL

   www.aol.com/finance/mortgage-rate-lock-one...

   Along with a standard rate lock on a mortgage, some lenders offer a float-down lock, which is designed to help you take advantage of lower rates if they become available before you close the loan.

5. Fixed vs. variable interest rates: How these rate types work ...

   www.aol.com/finance/fixed-vs-variable-interest...

   Fixed-rate mortgages. Home equity loans. Personal loans. Auto loans. Small business loans. ... For example, floating-rate notes (FRNs) have rates based on the 13-week Treasury bill, plus a spread ...

6. Interest rate cap and floor - Wikipedia

   en.wikipedia.org/wiki/Interest_rate_cap_and_floor

   The purchase of the cap protects against rising rates while the sale of the floor generates premium income. A collar creates a band within which the buyer's effective interest rate fluctuates; A reverse interest rate collar is the simultaneous purchase of an interest rate floor and simultaneously selling an interest rate cap.

7. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   A fixed-rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float". As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a ...