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Mortgage Professor about Loan Scenario: | |||||||||||||||||||||||
Borrower Guide to Adjustable Rate Mortgages
September 29, 2001 Most borrowers who take adjustable rate mortgages (ARMs) need them to qualify for the loan they want. Because the initial rate on ARMs is usually lower than the rate on fixed rate mortgages (FRMs), these ... more... Adjustable Rate Mortgages with Flexible Payments 19 January 2004, Revised 15 February 2005, 1 August 2005 Flexible payment ARMs carry a variety of names in the marketplace: "1 Month Option Arm", "12 MTA Pay Option ARM," "Pick a Payment Loan", "1-Month MTA", "Cash Flow Option ... more... |
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Loan Scenario related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... VA Loan VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... |
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More about Loan Scenario Investment Property - Leveraging Rental Property Equity Why a Hard Money Lender Might Be Your First Stop Debt Management Brings a Significant Change in Debt Scenario Refinance Your Home to Payoff Debt: Pros & Cons Bad Credit Mortgage Refinance - Should I, Shouldn't I? Debt Consolidation and How to Overcome It Loans for Bad Debtors: Discarding Debt Disorganization to Recover Financial Growth Stopping Foreclosures Unsecured Loans Substituting Secured Loans Bad Debt Secured Loans: An Opportunity to Come Out of Bad Debt Tag
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