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Mortgage Professor about mortgage variable rate risks: | |||||||||||||||||||||||
ARM Disclosures: Government Drops the Ball
December 5, 2005 "What grade would you give the Federal Government in establishing disclosure rules for adjustable rate mortgages (ARMs)?" F for "flunk", because the mandated disclosures exclude the essential information borrowers need to make decisions. ... more... Questions About Option (Flexible Payment) ARMs February 21, 2005, Revised August 1, 2005 Flexible payment adjustable rate mortgages, usually called "option ARMs", are the fastest growing mortgage in the marketplace -- and also the least understood. If you are tempted, here are the essentials you should ... more... |
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mortgage variable rate risks related definitions |
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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... Variable Rate Mortgage Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... |
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