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Mortgage Professor about payoff calculate: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Choosing Between Fixed & Adjustable Rate Mortgages
February 2, 2004 "I am trying to choose between a 3/1 ARM at 4.625% and a FRM at 5.875%, both 30 years. I don?t expect to be out of my house within 3 years. What is the best way to make this decision?" Whether the adjustable rate mortgage (ARM) or fixed rate mortgage ... more... Simple Interest Biweekly Mortgage: A Scam? April 19, 2004 "Is there any type of mortgage that is particularly vulnerable to abuse?" No mortgage is abusive in itself. However, the more complicated ones offer more opportunities for unscrupulous loan providers to take advantage of unsophisticated borrowers. Adjustable- ... more... |
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payoff calculate 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... |
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