TripleCord Real Estate  Boise ID
  • Home
  • MLS Search
  • Communities
  • Sellers
  • Buyers
  • Foreclosures
  • About Us
  • Blog
  • Contact Us
Login
208-861-5639

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Search Boise Area Homes for Sale

TO
Advanced Search

Address Search

How Interest Rates Affect a Mortgage

When considering the purchase of a new home or investment property or contemplating the refinance of your existing home loan, it’s best to familiarize yourself with how financing changes things. Current mortgage interest rates have a major influence toward your overall purchasing power. It is important to obtain a mortgage with an interest rate that suits your circumstances. Options for financing your property depend on your personal financial situation and your unique desires.Interest rates affect your mortgage

The interest rate is the rate at which interest is paid to a lender by the borrower for use of loaned money such as a mortgage. Higher interest mortgage rates simply mean that your monthly mortgage payments will be greater than financing at a time when interest rates are lower.

An adjustable-rate mortgage differs from a fixed-rate mortgage in many ways. This interest rate changes periodically, typically in relation to other factors. Monthly payments may go up or down during the period of your ARM loan. You may consider refinancing when interest rates are low if you have a variable interest mortgage rate.

Shopping for a fixed interest rate mortgage may save you a substantial amount of money. Future interest rates will have no impact on your loan, meaning your monthly mortgage payments for principal and interest will not increase. The fixed rate does not change during the period of your loan, which is usually 15 to 30 years.

Many different types of mortgage interest rates are available. Choosing your mortgage and type of interest rate may be the most important financial decision you will make. Call a lender today to find out the type of loan that will work best for you.

 

BUYERS GUIDE:  PREVIOUS  |  NEXT

 

Newest Boise Area Homes for Sale

5290 N Sorrento, Boise image
5290 N Sorrento, Boise $1,499,000

View 280 degree of the city, river and Boise/Garden City/Eagle area. Lot is 1.14 acres and sits on lots 13 & 14 possible split with city approval. New roof. In ground swi...

  • 5 Beds
  • 3.5 Baths
  • 5,168 SqFt.
  • 1.14 Acres
  • 98791631 MLS
7116 W McMullen St., Boise image
7116 W McMullen St., Boise $1,648,000

Extraordinary views, central Bench location on .84 acre! 3 car garage AND attached 32x42 heated shop! Generous spaces create effortless flow for indoor and outdoor entert...

  • 4 Beds
  • 3.5 Baths
  • 5,025 SqFt.
  • 0.84 Acres
  • 98791615 MLS
703 Scott, Boise image
703 Scott, Boise $498,900

House with separate building structure (mother in law) remodeled. New furnaces, new air conditioning, new roof, new paint, new kitchen with granite counters, new windows...

  • 3 Beds
  • 2 Baths
  • 1,514 SqFt.
  • 0.22 Acres
  • 98791597 MLS
10621 W Glen Ellyn, Boise image
10621 W Glen Ellyn, Boise $299,000

Affordable home located near Fairview & 5 Mile this place is close to everything in Boise & Meridian. Large rooms. Completely fenced yard (all but the driveway). 2 extra ...

  • 5 Beds
  • 2 Baths
  • 1,737 SqFt.
  • 0.137 Acres
  • 98791584 MLS
5112 W W Bethel St, Boise image
5112 W W Bethel St, Boise $424,900

Check out this recently renovated home on over 1/3 acre lot. Inside boasts of beautifully refinished hardwood floors, new carpet downstairs, and 2 fire places. All 3 bath...

  • 3 Beds
  • 3 Baths
  • 2,436 SqFt.
  • 0.34 Acres
  • 98791552 MLS


Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

Like or Share
Loading likes...

Address Search

"We couldn't be more impressed by the dedicated, professional, custom-tailored services we received from TripleCord Real Estate when we decided it was time to sell our home and buy a new home." ~The Stichkas  

Read more testimonials HERE!

Boise Communities

  • About Boise
  • 0550 - SW Boise
  • 0100 - North Boise
  • 0600 - West Boise
  • 0200 - NE Boise
  • 0650 - W Boise-Mer
  • 0300 - SE Boise
  • 0700 - Garden City
  • 0400 - Boise Bench
  • 0800 - NW Boise
  • 0500 - South Boise

Meridian Communities

  • About Meridian
  • 1020 - NE Meridian
  • 1000 - SE Meridian
  • 1030 - NW Meridian
  • 1010 - SW Meridian

Other Local Communities

  • Eagle
  • Nampa
  • Star
  • Caldwell
  • Kuna
  • East Boise County
  • Middleton

Other Helpful Links

  • IMLS Area Map & Information
  • Guide to Buying a Home
  • Guide to Selling a Home
  • Homeowner Resources
  • Utility & Quick Reference Phone Guide
  • Demographics & Area Information Links
  • Recommended Providers
  • TripleCord and Our Agents
  • Local Boise Area Events
  • Home
  • MLS Search
  • Communitites
  • Sellers
  • Buyers
  • Foreclosures
  • Blog
  • About Us
  • Contact Us

TripleCord Real Estate LLC                

3635 S Weathered Ave.
Boise, ID  83706
P: 208-861-5639   
© 2020 - All Rights Reserved
 
 
 
IDX Real Estate Websites by
• Accessibility