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30-Yr fixed 4.750 % 0.7 to 1
15-Yr fixed 3.750 % 0.7 to 1
5/1 ARM 3.125 % 0.7 to 1
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Volatility is Your Friend

As the economic situation gets worse and worse, but with the attention of the media focused squarely on jobs, the real estate market is receiving a much needed breather from the spotlight. This is great news for the true real estate investor, as the coverage drew more amateur competition into the real estate market bubble crash of 2008, which did not allow for true speculation by seasoned professionals of real estate.

This time around, as the foreclosures continue (right under the nose of the weekend warrior because it is not plastered all over MSNBC), the true real estate investor can take full advantage of the current mortgage rates to score some great deals on investment grade properties.

As mortgage rates are kept low by the Fed, and banks looking to cut deals with good borrowers with great credit scores (that is you, right?) the current mortgage rates remain at lows for recent times, with current rates being under 4% for the best borrowers.

Those willing to risk a variable loan can get even lower rates, a strategy that many recommend for those with the capital to pay off the loan in less than 5 years.

Even if you can not do this, calculating the amount of money that you must make to overcome the costs of a new property is much easier than it has ever been before. With every real estate site out there with its own free interest only mortgage calculator, a real estate investor will know exactly what he or she is getting into before committing.

Also, with an interest only mortgage calculator, you can stay in touch with the worst case scenario should something go wrong with your finances during an investment. At least if you can not pay the principal, you can hold off the creditors by refinancing to this type of a loan and renting for slightly more, to put the extra in your rainy day coffers. Once the market turns up again and you get some equity, you can refinance again and pay off the extra interest with the saved money, and recoup your loss from the equity in the home, while your renter pays for the gap the entire time.