With the ever increasing chances of a climbing interest rate, it make much sense to switch from floating to fixed interest rates. Click on the following links which could helping you, to make comparison between different banks loan.
-Bank Loan
-New Loan
-Refinance Loan
And i will like to share this article by Paul Ho, on the key factors that may impact mortgage interest rates from http://iCompareLoan.com.
Mortgage Interest Rates – Key Factors that Impacts it
Interest Rate
Interest rate charged is the reward for taking the risk on the capital. Interest rate is often referred to as the “cost of funds” or hurdle rate.
Risk to Capital
If the lender perceives a higher default risk on capital lent out, the higher the interest demanded. The causes to credit risks can come from shocks to the financial system from within the country or beyond. As the world’s ...
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