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Current Interest Rates
Current interest rates are very good to keep up to date with when applying for a mortgage loan. It could adjust your mothly mortgage payment by a lot, even if it's a small change. Right now current interest rates are at about 5.50% for a 30 year fixed payment mortgage. I suggest using the mortgage calculator at 5.50% up to 6% to make sure you know your limit because sometimes it takes up to 45-60 days to complete a mortgage and the interest rate is going up or down the whole time. You can pay the bank for a "Rate Lock" so that if the interest rates go up while you're applying it won't change your interest rate at all. I have a page that discusses the difference between ARM rates, Fixed rates and interest only loans. I can alose calculate your Debt to to income ratio and even a breakdown of an amortizaion schedule so that you can see exactly what you can afford.
I describe each mortgage loan in detail so that you can find the loan that best fits you. I'll show you how to figure out your borrowing power as well which will help you see which loans you can and can't afford. I also have tips and reasons why you might need/want an adjustable rate mortgage instead of a fixed rate mortgage. There are also a few times where I'd recommend an interest only loan too. It's a very high caution loan but it still has benifits to some people or businesses. | 
