Adjustable Rate Basics
An adjustable rate loan, most simply stated, means that your interest rate can be adjusted up or down over the months and years. By adjusting the interest rate your monthly payments might also change.In order to make an intelligent choice between a fixed rate and an adjustable rate loan, you have ... more...

Adjustable Rate Mortgage - Is This The Right Type Of Loan For Me?
You should be able to find several indispensable facts about adjustable rate mortgages in the following paragraphs. If there's at least one fact you didn't know before, imagine the difference it might make in your financial well being.Choosing the right mortgage involves knowing how mortgage rates ... more...

Is an ARM Right For You?
Lets start by taking a look at 7 key elements of an adjustable rate mortgage:1) ARM defined: While a fixed rate loan is constant and never changes throughout the life of the loan, an adjustable rate mortgage changes periodically. The interest rate of an ARM goes up and down based on whatever ... more...

How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages
There are many types of mortgages, and the more you know about them before you start, the better. To compare one Adjustable Rate Mortgage with another or with a fixed-rate mortgage, you need to know about indexes, margins, discounts, caps, negative amortization, and convertibility. You need to ... more...

Getting the Best Mortgage Rate
Buying a home is an expensive endeavor so getting the best possible mortgage rate should be one of your main priorities. By deciding to get the best mortgage rate possible you will be making a positive decision to help you for many years to come. However, just deciding to get the best mortgage rate ... more...

Adjustable Rate Mortgages Talking About Interest Rate Caps
Many people have jumped on adjustable rate mortgages to take advantage of the historically low interest rates we have seen over the last few years. Rates are now rising, which means you need to understand caps.Adjustable Rate Mortgages Talking About Interest Rate CapsAn adjustable rate mortgage is ... more...

Getting The Lowest Mortgage Interest Rate - Locking in Your Rate
You're getting ready to close and you're wondering, "Should I lock my rate?" If you are happy with your current interest rate and feel that it is low, then you may want to lock it and not worry about fluctuating rates on the open market. If you would like the interest rate to be lower, and feel ... more...

Adjustable Rate Mortgage Information Basics
First of all, what is an Adjustable Rate Mortgage? Unlike a fixed rate mortgage where the interest rate and the payment amount do not change for the duration of the loan, an Adjustable Rate Mortgage changes the interest rate and the payment amount at regular intervals over the course of the loan ... more...

How Caps Can Protect You From Paying High Monthly Mortgage Payments
Adjustable rate mortgages can be a great choice for first time home buyers. As opposed to a fixed rate mortgage, which the interest rate remains the same for the entire life of the loan, an adjustable rate mortgage changes according to an index rate, usually chosen by the mortgage lender.This index ... more...