But within the next year or two, financial experts have come up with predictions mostly outlining the rise of mortgage interest rates. A sad fact however, is that with mortgage interest rates, there are no certainties and no guarantees. No one can really tell whether or not mortgage interest rates will rise over a period of time. Customers with a few late payments or high credit card balances will have trouble finding lenders who are willing to give them mortgage refinancing loans. However, these points won't really exclude anyone from mortgage refinancing entirely. It's just that rates might just be a little bit too high to give any room for savings or rates are not low enough to make mortgage refinancing worthwhile. The downside to a reverse mortgage In every story, there is always the other side of the coin. While reverse mortgages have their advantages, they also have a downside. As you know already, reverse mortgages do not require monthly paybacks. This means that with reverse mortgages, you are actually taking out equity from your home and turning it into cash. But this setback of a negative amortization mortgage can be counteracted if you choose to pay the additional amount now and not wait for its payoff overtime. Another advantage of negative amortization mortgages is that cash flow is more easily controlled. Remember that with an adjustable rate amortization mortgage, interest rates may go lower depending on the market. A bad credit mortgage loan works in a completely different way. There are no pre-qualification requirements when you apply for a bad credit mortgage loan. Lenders who offer bad credit mortgage loans do not even take a second glance at your credit history. The important thing is you get your money and that's that. Because of this, interest-only mortgages are traditionally a loan type preferred by savvy investors and well-heeled clients who want to use the principal portion of their payment on other more productive investments. Because interest-only mortgages are jumbo loans, the difference in monthly payment grows with the larger loan amount.