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Detail on Single-Lender Mortgage Web Sites
Summary Rankings of Web Sites, January 12, 2005 Rank URL Score Rank URL Score 1 Amerisave.com 47 2 Eloan.com 46 11 Countrywide.com 25 3 Mortgage.com (ABN ... more... Which Adjustable Rate Mortgage Do You Choose? March 25, 2002 "I am trying to choose between different adjustable rate mortgages (ARMs) offered by a local lender: 3/1, 5/1, 7/1 and 10/1 at rates of 6%, 6.125%, 6.25% and 6.375%, respectively. I plan to stay in my house for at least 10 years. Which one is the best for me ... more... |
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discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more... Margin Margin The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate. Margin is constant throughout the life of the loan. INDEX + MARGIN = FULLY INDEXED RATE Example using the 1 Year Treasury: 1 Year Treasury Index = ... more... |
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