FSA also has mortgage rate comparison tables for mortgages, annuities, endowments, and ISAs (unit trust and OEICs). Other mortgage rate comparison tables are those for stakeholder pensions, mortgage endowments, and investment bonds. Mortgage Rate Comparisons and Shopping Shopping is the best way to do a mortgage rate comparison. So how do you own a home when you do not have enough savings to cover down payment costs? The answer is a home mortgage. A home mortgage is actually different from a home loan. A home mortgage is the contract that you sign in order to get a loan from a banking institution or lending company. The loan is the money that the lender provides for you. Other loans, like fixed rates often have restrictions on how much a home buyer can "cash out" during refinancing. There are cases where the desired amount is $300,000 but since fixed rate loans only allow $150,000 to the borrower, bank try to charge higher rates. With interest-only mortgage rates, there is no limit to the amount of cash you can take. Often, loans with unattractive mortgage interest rates are sold to FannieMae or FreddieMac which in turn, sell these loans to the secondary market. Mortgage investors purchase these secondary market loans with mortgage interest rates that are undesirable to the regular homebuyer. These investors are actually the ones who set the standards in mortgage interest rates. They do this without having to worry about the change that might occur in fixed rate mortgage interest rates or payments of such. Because the interest of a 30-year fixed rate mortgage is amortized over a longer period, the monthly payments for this are lower than those on 15-year loans. Lower monthly payments on 30-year fixed rate mortgages give consumers an extra resource which they can pour into other worthy investments. When the interest-only mortgage payment comes to an end your payment will then rise to include principal and interest. The great thing about interest-only mortgages Interest-only mortgage payments also have their advantages. Borrowers can find that there are various practical benefits that an interest-only mortgage can offer.