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I am not a tax attorney and I am not an expert on tax code. I recommend that you check the veracity of this with an accountant, but I do have an opinion here. |
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As has been stated in other wiki answers and the article "the current state of the mortgage market," the ratings agencies were a part of the problem. |
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There doesn't technically have to be a difference. They refer to two separate things. Whether or not a rate is fixed has to do with the TERMS of the loan. |
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There are a couple important things to consider though... |
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I hope this information helps you understand both the discount rate and prime rate.
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What is a mortgage refinance |
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What is a home equity loan |
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What is a home equity line of credit or HELOC |
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What is a second mortgage |
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