From what type of services a loan firm offers to the cost and features of a product, FSA Mortgage Rate Comparison helps make sure that the consumer gets what is due him. The FSA website also includes mortgage rate comparison tables to help consumers match up products one firm to various products from other firms which are more or less similar. Usually, the interest rate of the 30-year balloon payment mortgage is lower than a normal 30-year fixed rate mortgage with due date of 30 years. Monthly payments of balloon payment mortgage are still amortized based on the 30-year term. But at the end of five or seven years, a large amount of the balloon payment mortgage is due. You can get the best possible mortgage rate with a down payment that is greater than 20%. Higher mortgage rates are expected if the down payment is less than 5% since the beginning equity is smaller and provides less collateral. Discount points are another way to move mortgage rates. Lower mortgage rates usually means higher points paid on your loan. For instance, you get a second mortgage loan worth $20,000 to make some home repairs. With this amount, you might want to take on a second mortgage loan that will allow you to repay the entire amount in one or two years. If you pay a second mortgage loan that has a shorter term, the monthly payments may be too high. In mortgage refinancing, the first thing you need to do is ask yourself this question: "Does my property have enough equity for mortgage refinancing?" Mortgage refinancing a home will not help anything if the equity has been steadily depleting. Let's say a homeowner borrows 90 per cent of value from his home to finance another loan. The investors want the highest possible return on their investments. On the other hand, the home buyers want the lowest possible interest rates on their bank rate mortgages. The result is a virtual tug-of-war. As interest rates of bank rate mortgages decline, the interest of investors and home consumers alike are tweaked just a little bit.