Some banks and mortgage lenders just charge more as a bottom line number, to increase overall profits. While everything is always negotiable, the bottom line is that lenders and banks are in it for profits and mortgage rates are often one of the many ways they do profit. That margin though is different at each lender or bank and for each mortgage refinancing option.

Links - click below for more information

Mortgage Insurance VS Life Insurance
Mortgage Protection Insurance
No Medical exam-Mortgage Insurance.

Cambridge The Mortgage Lender or Bank

The Mortgage Lender or Bank.

Different mortgage lenders and banks have different mortgage interest rates. This is due to many things like overhead and the bulk rate that they get from their financial providers. Also, if you have a bad credit or mortgage repayment history, the interest rates extended to you may be higher to offset the risks of you not paying it back. This can be as much as an additional 1% - 2% which really adds up to a lot of money over the course of a 30 year home loan.

Fixed-income investors should understand one simple concept; interest rate is a statement of risk – period. In more down to earth vernacular, there is no such thing as a free lunch. It is not enough to ask which direction interest rates headed. Rather, ask interest rates on what. The past two years has seen an historic dichotomy in interest rates between sovereign debt and everything else.