Can the fixed rate on a thirty-year mortgage be increased?
Answers:
No..the interest rate can not be increased, however your payments my increase due to tax increases or homeowners insurance increases.
The interest rate can not be increased. The recompense can be increased if the tax or insurance goes up.
Some relatives think they have a 30 year fixed but they own a 30 year fixed for 5 years. The original ads be written to fool you. .
no it is fixed.
If the rate is fixed, it can only correct if you refinance.
No that's why you call if fixed. The interest rate can be adjusted on a ARM (Adjustable Rate Mortgage), but not a fixed rate mortgage.
No that is why it's a fixed rate.
However, if you get a bill and it's more than you as a rule pay, AND you are escrowing your taxes and insurance, any increase means your property taxes go up or your insurance rate increased.
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Is this is honest mortgage interest rate?
I got a 6.8% on a 100% financed $181,000 mortgage. I have roughly speaking 8,000 in savings and a 760 credit rack up. Is that a good interest rate for that type of mortgage? check out: http://www.bankrate.com yes it is There is more to...