![]() ![]() ![]() ![]() ![]() ![]() |
||
Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Professor about mortgage rate index trend: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Peace of Mind With an Adjustable Rate Mortgage?
September 20, 1999 "I was hoping that rates would go down and instead they went up, and now I need an adjustable rate mortgage to qualify and I'm terrified because I don't understand them. Is there any way I can take an ARM ... more... Tutorial on Selecting Mortgage Features Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage rate index trend related definitions |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... 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... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
More about mortgage rate index trend What is a Tracker Mortgage? What is a Capped Mortgage? Refinance Mortgage Rate and Mortgage Rates You Will not Allow Your Mortgage to Go Astray in the Absence of Mortgage Advice Factors That Affect Your Mortgage Rate Adjustable vs Fixed Rate Mortgages Adjustable Rate Mortgage Avoid a Heinous Mortgage Mistake Get the Best Rate on Your Home Mortgage Loan Fixed Rate Mortgage or ARM? Which is Better? First Time Home Buyers - Get Your Top 5 Mortgage Questions Answered Here!
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|