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How to Use UMLs
July 7, 2003 Do Your Homework Upfront Mortgage Lenders (UMLs) are for intelligent shoppers who have done their homework. Before they start shopping, they should know the kind of mortgage they want, and the market niche in which they fall. "Kind of mortgage" includes ... more... Tutorial on Selecting Mortgage Features Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... |
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mortgage best insurance type fixed rate refinancing house loan 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... Variable Rate Mortgage Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... |
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More about mortgage best insurance type fixed rate refinancing house loan
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