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Rate mortgage-loan FAQs (frequently asked questions)

Here's the frequently asked questions about "mortgage rates" that humans like you ask The Mortgage Store Online.

Choose a rate mortgage-loan FAQ to read:

1. How do I find out what the current mortgage-loan rates are?
2. Does The Mortgage Store Online offer lower mortgage-loan rates than other brokerages?
3. How do I get the lowest home mortgage-loan rate possible?
4. What kinds of home mortgage-loan rates are there?
5. What is an "adjustable" home mortgage-loan rate?
6. What is a "fixed" home mortgage-loan rate?
7. Can I have both an "adjustable rate" and a "fixed rate" for my home mortgage loan?

How do I find out what the current mortgage-loan rates are?

To find out the very most 'current' rates for mortgage loans, contact one of The Mortgage Store Online's brokers by using the rate quote form or by calling them at 1-866-880-2577.

A broker here can tell you not only what the general 'current mortgage rates' are, but they can also tell you what rates you specifically could get if you got a mortgage loan from The Mortgage Store Online.

Get a home mortgage loan today! Fill out the home mortgage application.

Does The Mortgage Store Online offer lower mortgage-loan rates than other brokerages?

Here's some news that might be shocking: all full-fledged "mortgage brokerages" (like 'The Mortgage Store Online') offer the same rates. Really? Really.

If a mortgage brokerage is a "real" brokerage, it has access to hundreds of 'lenders' that are actual banks or trust companies operating in our country. So logically, all real brokerages have access to the same set of lenders/banks. And it is the banks that ultimately determine what the 'mortgage-loan-rates' are.

HOWEVER: sometimes brokerages 'inflate the rates' so that they get to keep the 'difference' between the bank's rate and their 'inflated rate.' This is the only way a brokerage can make money for getting you a mortgage-loan, unless they charge an upfront broker-fee, so it's understandable. But some brokerages will over-charge you, and The Mortgage Store Online isn't one of those brokerages!

Apply online for a home mortgage loan today!

How do I get the lowest home mortgage-loan rate possible?

In order to get the lowest rate possible for your home mortgage loan, you should do one or both of the following:

• Get an "adjustable rate" for your home mortgage loan. An adjustable rate is lower than all other types of rates: it's almost always hovering the closest to the prime rate of the economy, and no other type of rate is like that: and therefore, no other rate-type is usually lower than the adjustable-rate.
• Get your home mortgage loan from one of The Mortgage Store Online's "Grade A institutional lenders" (so "Grade A" banks or trust companies). In order to get your home mortgage loan from a Grade A institutional lender, you'll have to meet certain 'qualification standards.' And before you get discouraged about that, you might qualify for a Grade A lender real easy! Contact one of The Mortgage Store Online's brokers to ask them about qualifying for a Grade A institutional lender today!

Get a home loan today! Fill out the home mortgage application.

What kinds of home mortgage-loan rates are there?

Here's the different kinds of home mortgage-loan rates you can get:

• Adjustable mortgage loan rates
• Fixed mortgage loan rates
• Convertible mortgage loan rates
• Capped mortgage loan rates

Apply for a home mortgage loan now!

What is an "adjustable" home mortgage-loan rate?

An "adjustable" home mortgage rate, is a rate that "adjusts" up and down with the economy's prime rate. So as the prime rate rises, your rate for your home mortgage loan will rise. And as the prime rate falls, your rate for your home mortgage loan will fall.

The adjustable rate is a rate that usually hovers the closes to the prime rate of the economy. So when the prime rate is 6%, your rate for your home mortgage loan will probably be closer to that 6% than any other rate-type: therefore making the adjustable rate the lowest 99% of the time: especially when you want a decent term-length for your mortgage, like a 3 year or 5 year term for example (rather than a 1 year term)."

Fill out the home mortgage application, and get a home loan now!

What is a "fixed" home mortgage-loan rate?

A "fixed" home mortgage loan rate, is a rate that stays the same (a.k.a. "fixed") for your entire mortgage term.

Say you get a mortgage loan, and you don't want to have to refinance it or 're-work' it for 5 years. That means your "term-length" is 5 years long. And if you get a "fixed" mortgage-loan rate, if your rate is say 4% at the beginning of your "term" it will stay at 4% for all of the 5 years that keeping your home mortgage loan.

Apply online for a home mortgage loan.

Can I have both an "adjustable rate" and a "fixed rate" for my home mortgage loan?

Yes ya can! If you get a 'convertible rate' for your home mortgage loan, you can start out with a mortgage rate that's "adjustable." So in the beginning of you'll have a rate that 'adjusts' up and down with the economy's prime rate.

Then, when you see that the mortgage-market's rates are nice and low, you can change/convert your rate from an "adjustable rate" to a "fixed rate." Then, you can keep that fixed rate for an amount of time that you choose.

Get a home mortgage loan: just apply online!

If you would like to learn more about home mortgage loan rate topics, just contact The Mortgage Store Online's brokers by using the rate quote form or by calling them at 1-866-880-2577.