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Libor Mortgage Loan Tutorial
This tutorial will answer the following questions: What is Libor ? What is a Libor ARM? What is special about a Libor ARM? In what ways are Libor ARMs like other ARMs? Why should anyone select a Libor ARM? How do you get the ... more... Questions About Option (Flexible Payment) ARMs February 21, 2005, Revised August 1, 2005 Flexible payment adjustable rate mortgages, usually called "option ARMs", are the fastest growing mortgage in the marketplace -- and also the least understood. If you are tempted, here are the essentials you should ... more... |
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what is the risk mta loan related definitions |
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Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... 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... |
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What is the PayOption ARM? |
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