Take over mortgages have been around the market for years. Because take over mortgages allows the consumer a chance to assume a loan with lower interest rates, take over mortgages became popular. Take over mortgages experienced an all time high in the 1970s and 1980s when interest rates soared. Existing mortgages had interest rates at 5 percent to 7 percent but when the rates rose, the original percentage rose also, forcing a pay out of 10 percent to 15 percent in interest on deposits. Financial reports suggest that the risks you assume in taking a variable rate mortgage are considerable but the gains are even more so. This is because variable rate mortgages may turn out to be cheaper than fixed rate mortgages in the long run. Several lenders offer variable rate mortgages among their product lines. For instance, if demand for bank rate mortgages falls, a change needs to be done to attract investors again. And this is usually done by raising interest rates on bank rate mortgages. Then again, bank rate mortgages are never that simple. The market makers of bank rate mortgages do not have the investors alone as their client. " An 80 20 mortgage loan is for people who have good credit but do not have a lot of savings to their name in order to afford down payments of most homes. 80 20 Mortgage Loans for Renters 80 20 mortgage loans are also targeted to those people who are renters or renting apartments. These types of people can afford monthly rents, the costs of which are roughly about the same as the cost of a home. But despite this, there are some ways to circumvent the risks and increase your chances of landing a good investment in an adjustable-rate mortgage payment. Below are some questions you need to consider: - Is there a possibility that my income will rise up enough to cover higher adjustable-rate mortgage payments should interest rates go up? 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. To explain further on this, let's say you have a balloon payment mortgage with an interest rate of 7.5%. After seven years, an approximate 92% of the original balloon payment mortgage amount is due.