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Marketing Adjustable Rate Mortgages With Artful Deceptions
November 22, 2004 Adjustable rate mortgages (ARMs) have always been a hard sell. ARMs have multiple features, which makes them complicated, and complexity doesn?t sell well. Most loan officers try to avoid complexities by focusing on one feature that may attract the client ... more... Is Interest-Only Best For a Quick Turnover? February 21, 2005, Revised December 28, 2005 An interest-only mortgage (IO) is one that grants the borrower an option to pay only the interest for the first 5-10 years. They can pay more if they wish, but they are obliged to pay only the interest. IOs have been around ... more... |
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low adjustable rate mortgages mortgage payment loan interest related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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More about low adjustable rate mortgages mortgage payment loan interest
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