Lets make that two things on my mind….The Righteous Brothers and a Georgia Mortgage
The mortgage payment is on most peoples minds these days. What with the sub-prime crisis and effects of those variable rate mortgages cutting into everyones income its not surprising that refinance is at the top of a lot of peoples christmas list. Georgia refinancespecialist Georgiarate.com have some good ideas on the subject. They specialise in Atlanta Home loans so if you are in the need to refinance to get out of an upcoming rate hike you should see what they have to offer.
I am a little surprised at the trouble that variable rates have caused. most of it though has not stemmed from the rate being variable but from the fact that mortgage lenders lent too much money at subsidized rates just so they could lend.
In the UK, variable rates have been around for as long as I have…thats a long time! If the lenders had been a little more realistic in the income multiple that they lent against and a little more forthcoming about the actual costs when the real rates kicked in…things would have worked out a lot better.