Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about cofi loan: | |||||||||||||||||||||||
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... What Is the Real Price of an Adjustable Rate Mortgage? January 19, 2004 ARMs are complicated instruments. No one characteristic fully describes one. This is why, when readers ask me for the pros and cons of COFI ARMs, or Libor ARMs, or flexible payment ARMs, I get heartburn. You can?t assess an ARM based on only one of its features ... more... |
|||||||||||||||||||||||
cofi loan related definitions |
|||||||||||||||||||||||
Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... 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... |
|||||||||||||||||||||||
More about cofi loan What is a Title Loan? An Overview of a Personal Loan UK Boat Loans Steering Way Towards a Bon Voyage Enlisting the Support of Home Improvement Loans to Create a New Look for Your Home How to Find a Direct Homeowner Loan What is a Home Loan? Bad Credit Home Loans or a Bad Credit Personal Loan How To Save Time And Money With Online Auto Loans? Exploring All of Your Loan Options Do You REALLY Need a Home Equity Loan?
|
|
||||||||||||||||||||||
|