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Mortgage Professor about option arm: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tutorial on Option ARMs
Here is what you will learn in this tutorial: 1. What is a flexible payment or option ARM? 2. How will I know an option ARM when I see it? 3. What are the advantages of an option ARM? 4. ... more... Detail on Single-Lender Mortgage Web Sites Summary Rankings of Web Sites, January 12, 2005 Rank URL Score Rank URL Score 1 Amerisave.com 47 2 Eloan.com 46 11 Countrywide.com 25 3 Mortgage.com (ABN ... more... |
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option arm related definitions |
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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... 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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