What Is An Adjustable Rate Mortgage or ARM?
An adjustable rate mortgage is a mortgage loan that is fixed for a set period of time and then adjusts based on the rates during the adjustment period. Some common adjustable rate mortgage loans terms are 1/1, 3/1, 5/1, 7/1, and 10/1. The first number in what appears to be a fraction is the amount ... more...

Some of the Available Loan Types
There are many mortgage products available on the market today. We can help you find out which one is right for you. Here are the most common options.Fixed Rate Mortgages (FRMs)* Interest rates stay constant for the life of the loan.* Offered in 10, 15, 20, or 30 year terms.* Payments are made up ... more...

Adjustable Rate Mortgage - How They Work?
How does an ARM work.The borrowers interest rate is determined initially by the cost of money and the time the loan is made. Once the rate has been set, and it is tied to one of several widely recognized and published indexes , and future interest adjustments are based on the upward an downward ... more...

Compare Mortgage Rates for Refinancing - Why Obtain Multiple Quotes?
Obtaining multiple refinancing quotes will save you money and future headaches. By researching several lenders, you will find the most competitive rates. You will also be able to select a company that provides excellent terms and service for your budget priorities, saving you future hassles ... more...

Adjustable Rate Mortgages - Understand the Benefits Compared to a Fixed Rate Mortgage
Adjustable rate mortgages can be very tempting to home buyers, yet they carry a great deal of uncertainty. Fixed rate mortgages offer rate and payment security, but they are more expensive. It is important to weigh the pros and cons of ARMs and fixed rate mortgages before you decide which is right ... more...

Everything You Need to Know About a Negative Amortization Mortgage
Most Property Owners are conditioned to believe that a Negative Amortization Mortgage is a Bad thing. Before you get that next mortgage shouldn't you get the facts so you can decide for yourself what is best.The First Question many people have is what is a negative Amortization Mortgage. A ... more...

Rebuilding After Katrina: Smart Energy Choices
Energy efficiency has been part of the American lexicon since 1978 when the Energy Policy Act was first enacted. Since then, energy efficient homes and increased use of renewable energy resources have become the norm in states like New York and California. Policies and programs have supported these ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Secrets of the Option ARM Loan
How Does an Option ARM Loan Work?Option ARM (also called Pick A Payment or Pay Option ARM) loans work by providing the borrower with four payment options each month.Before we get into the payment options, let's review some of the important terms and concepts involved with this loan program.ARM - ... more...