Mortgage in Racine
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Phone: 262-989-8299

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Description

Reserve this Sponsor Box

 

Contact the Racine Wide Web

 

Phone: 262-989-8299

service@racinewideweb.com

 

Mortgage Brokers

 

AM Community Credit Union

1313 High Street
Racine, WI 53404
262-633-2252

 

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Fixed and Adjustable Mortgage Interest Rates - Basic Facts

Written by Eshwarya Patel

Posted: 2/22/08

 

There are many different types of mortgage loans. Various types of loans make the whole process of home-buying quite intimidating.

 

Mortgage interest rates influence the borrower’s choice of mortgage to a great extent.

 

There are two most prevalent mortgage interest rates. These are fixed mortgage interest rate and adjustable mortgage interest rate. This article briefly describes the two types.

 

• Fixed Mortgage Rates:

 

In case of 'fixed mortgage rates', the principle and the monthly payments for interest do not change throughout the duration of the loan.

 

As long as the borrower is in a fixed term agreement, the interest rates remain the same. The advantage of this type of mortgage interest rate is that the borrowers can keep a track of the exact amount of their payments. They can, thus, manage their personal budget easily.

 

It is advisable to have a fixed-rate mortgage in case the mortgage interest rates are rising. This is because fixed-rate mortgage fixes the current rate and the borrowers need not worry about the future hikes in rates.

 

Thus, the long-term fixed mortgage rates protect borrowers from any sort of upward fluctuations in mortgage interest rates.

 

• Adjustable Mortgage Rates:

 

The mortgage interest rates that are adjusted from time to time on the basis of an index are termed as the ‘adjustable mortgage rates’.

 

It is advisable to go for adjustable mortgage rates when there is a downward fluctuation in the interest rates.

 

These mortgage rates change periodically, that is, every one, three, or five years. Therefore, borrowers can easily capitalize on the new rates that are lower than the previous rates.

 

http://www.greatloanprograms.com

 

Article Source: http://EzineArticles.com/?expert=Eshwarya_Patel

 

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American General Finance Inc

2215 Lathrop Avenue
Racine, WI 53405
262-633-4040

 

Amex Mortgage

2401 Lathrop Avenue
Racine, WI 53405
262-619-3425

 

Associated Bank

2406 S Greenbay Road
Racine, WI 53406
262-598-1740

 

Associated Bank

5439 Durand Avenue
Racine, WI 53406
262-554-8540

 

Bank of Elmwood

2704 Lathrop Avenue
Racine, WI 53405
262-554-5807

 

Cambridge Funding Group

1244 Cleveland Avenue
Racine, WI 53405
262-898-1128

 

Cambridge Mortgage Corporation

542 State Street
Racine, WI 53402
262-638-8419

 

Cendant Mortgage

723 Lathrop Avenue
Racine, WI 53405
262-634-0346

 

Central States Mortgage

7200 Washington Avenue #102
Racine, WI 53406
262-898-7800

 

Community Mortgage of Wisconsin

5801 Washington Avenue
Racine, WI 53406
262-898-8200

 

Consumer Mortgage Loan Consultants Inc

6921 Mariner Drive
Racine, WI 53406
262-884-7515

 

Educators Credit Union

1400 Newman Road
Racine, WI 53406
262-886-5900

 

Family Mortgage

6216 Washington Avenue
Racine, WI 53406
262-884-8151

 

Florida Mortgage Consultants

6929 Mariner Drive
Racine, WI 53406
262-886-9531

 

GSF Mortgage

1524 S Green Bay Road
Racine, WI 53406
262-763-0871

 

Greenwood Mortgage

1349 Lathrop Avenue
Racine, WI 53405
262-635-5230

 

Guaranty Mortgage

6031 Regency West Drive
Racine, WI 53406
262-554-6628

 

Horizon Mortgage Inc

1100 Commerce Drive
Racine, WI 53406
262-884-6522

 

Johnson Bank

Various Locations
Click on link to locate addresses
and phone numbers

 

Lending Associates LLC

6233 Bankers Road
Racine, WI 53403
262-554-1000

 

M&I Bank

Various Locations

Click on link to locate addresses
and phone numbers

 

More Homes Financial Services

1661 Douglas Avenue
Racine, WI 53404
262-635-9785

 

Mortgage Counselors

Unlisted
Racine, WI 53403
262-554-1418

 

North Shore Bank

4923 Washington Avenue
Racine, WI 53406
262-637-5221

 

Racine Mortgage

Unlisted
Racine, WI 53406
262-898-1167

 

Real Estate Professionals

422 Main Street
Racine, WI 53403
262-619-1770

 

SJM & Associates

5748 Cambridge Circle
Racine, WI 53406
262-884-1111

 

Southeast Wisconsin Mortgage Corp

4000 Spring Street
Racine, WI 53405
262-632-5311

 

Southeast Wisconsin Mortgage Financial Center

4000 Spring Street
Racine, WI 53405
262-633-3242

 

Southport Bank

5220 Washington Avenue
Racine, WI 53406
262-638-1111

 

Steward Mortgage

3551 Douglas Avenue
Racine, WI 53402
262-898-1085

 

Tri-State Mortgage

2045 Lathrop Avenue
Racine, WI 53405
262-554-3171

 

US Bank Home Mortgage

4701 Washington Avenue
Racine, WI 53406
262-637-4481

 

Victory Mortgage Services LLP

1935 State Street
Racine, WI 53404
262-634-8778

 

Wells Fargo Financial

6021 Durand Avenue
Racine, WI 53406
262-554-9393

 

Wells Fargo Home Mortgage Inc

6005 Durand Avenue
Racine, WI 53406
262-554-8554

 

Wells Fargo Home Mortgage

1700 Martin Luther King Drive
Racine, WI 53404
262-631-1383

 

Wisconsin Discount Mortgage

337 S Main Street
Racine, WI 53403
262-898-1128