Eva G asked:


I am paying 880.00 a month of which approx 100.00 is PMI. 6% , 30 year fixed rate mortgage on a house I bought in August this year. Thanks!

Bertha

Geoman asked:


We are specifically looking to go from a fixed 6.5 % to a fixed 5.9% or lower.

Rosa

nothingness asked:


I recently visited the US. Everyone I know there that has a mortgage has gotten a fixed interest rate. There is virtually no difference in cost between fixed and variable rate mortgages. You can also fix for 30 years no problem. In Ireland it’s almost impossible to fix for more than 5 years and the cost puts an extra 200 or 300 Euro per month on your mortgage, which means there’s really no point in fixing. Can anyone tell me why there’s such a difference in the type of deals available between Ireland and the US?

Clifford

Robert B asked:


Right now I have a fixed-rate mortgage at 6.25% but the job situation is bad and both my wife and I cannot afford to pay the mortgage and our debt. Is it possible to negotiate with our current lender to lower the interest rate to what the government has out now? (lower than 5% I think). How does that process work? I don’t want to refinance, I just want to negotiate for lower interest rate.

Samuel

acman07033 asked:


I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable.

Yolanda

royal_crown78 asked:


And have you had an increase in your mortgage payments due to an ARM?
If you are planning on purchasing a home in the future, would you prefer an ARM or a fixed rate?

Andrew

Ryan L asked:


Currently I am about to close on a house and have a 30 year fixed rate mortgage. My question is whether paying additional amounts above my normal mortgage payment reduces the amount I will have to pay each month, or whether it just reduces the amount of periods in my loan term.

Michele