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Shopping For a Mortgage On-Line
September 19, 2005, Revised December 5, 2005, Revised January 12, 2005 This article is on the why, which, and how of shopping for a mortgage on-line: why seek a mortgage this way, which sites are the best, and how do you shop effectively? Why Shop For a ... more... How to Shop For an Option ARM 18 July 2005 "I want the low payments that are available on an option ARM, but I don?t know what I should be looking for in shopping for one. Can you help?" Reluctantly. I don?t much like the option ARM because of its complexity and hidden booby traps. However, ... more... |
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margin lender related definitions |
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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... Prime Rate Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more... |
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More about margin lender First Mortgage Rates Best Buy to Let Mortgage Calculators Discover What to do When Your Credit Worth is Damaged Due to Circumstances Out of Your Control Before You Purchase A New Car Watch Out For These Scams! Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate Cash Loans for Unemployed for an Instantaneous Response to Needs of the Unemployed Procedures in Selecting the Best Home Loan "How Much Interest is Your Home Equity Earning?" Secrets of the Option ARM Loan 5 Tips for Cheap Home Insurance
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