This is partly the reason why interest-only mortgages are still preferred by big-time investors. However, it is only natural to assume that there are some considerable risks associated with an interest-only mortgage, especially when it comes to stocks. Interest-only mortgages have payment periods based on adjustable rate mortgages. Mortgage Interest Rates For most people, the biggest purchase they will ever make is their home. In fact though, their mortgage and the mortgage interest rates it connotes are a larger purchase than their home. In single loan term, the amount you pay to cover the mortgage interest rate cost is more often than not more than what you paid for your house. Reverse mortgages usually cater to homeowners who are 62 years old and older. Reverse Mortgage vs. Other Home Loans In most other loans, a systematic check on your income and assets is done in order to pre-qualify for the mortgage. This is done as an assurance to the lender that you will be able to afford the monthly payments tied with a loan. Paying off an amortization mortgage is usually done in equal monthly installments. One example of an amortization mortgage is one that involves your car loan or your home loan. Your credit account however cannot be considered an amortization mortgage since it does not involve a fixed date for payoff. And also, a successful mortgage rate comparison means looking through the literature you get from investment firms. Find the key features included in the documents and do a mortgage rate comparison of these with more or less similar products from various other firms. If there is anything at all that confuses you a bit or something that you do not understand while you're doing your mortgage rate comparison, do not hesitate to ask for advice. Although mortgage rates have the tendency to move in the same direction as interest rates, their actual movements are also based on the supply and demand for mortgages. Mortgage rates have a slightly different equation in their supply and demand as compared to interest rates. This is the reason why sometimes, mortgage rates move differently from other rates.