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. The other half of the coin is the home buyers. These two clients of bank rate mortgage markets take opposing sides when it comes to investments. Discount points are another way to move mortgage rates. Lower mortgage rates usually means higher points paid on your loan. The same goes for closing costs, which are fees that the lender must pay. Higher closing costs paid to them means lower mortgage rates. However, if you do not wish to pay for all the closing costs upfront, the lender will raise your mortgage rate in order to cover it. By going for mortgage refinancing, they might end up paying more than when they stick to the loan they already got. Things to keep in mind when Mortgage Refinancing your home There are a few things to keep in mind when you decide to go for a mortgage refinancing loan. In mortgage refinancing, the first thing you need to do is ask yourself this question: "Does my property have enough equity for mortgage refinancing? Adjustable-rate mortgage payments generally have lower initial interest rates compared to fixed-rate mortgages. This makes an adjustable-rate mortgage payment more affordable and easier on the pocket. Adjustable-rate mortgage payments may also help you qualify for a larger loan. This is due to the fact that lenders sometimes decide to extend a loan provided that your current income is steady and your adjustable-rate mortgage payments for the first year are up-to-date. First, to get accurate information for your mortgage rate comparisons, see that any investment firm you are dealing is authorized. Second, do make sure that you know what you are looking for. Mortgage rate comparisons are a serious activity to be undertaken and should not be taken lightly. Mortgage rate comparisons will help you make your informed decision on loans. Home buyers can assume a seller's mortgage when purchasing a home with a take over mortgage payment. The approval of the lender is usually required before you can have a take over mortgage. With take over mortgages, the interest rate and the monthly payment schedule is assumed by you. This means you can save a lot with take over mortgages, especially if the interest rate on the existing loan is lower than the current rate on new loans.