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Mortgage Professor about rate sheets: | |||||||||||||||||||||||
Questions About Lender Rate Sheets
December 19, 2005 "What are rate sheets?" Rate sheets are tables of interest rates and points (henceforth "prices") prepared by a lender. The prices are those the lender is willing to accept at the time the sheet is distributed. "Who gets rate ... more... Are Mortgage Prices Negotiable? January 3, 2005 When Are Mortgage Prices Negotiable: the General Rule The general rule is that interest rates and points are negotiable when the person the borrower is dealing with has the discretion to change them. (Points are an upfront charge expressed as a percent of the ... more... |
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rate sheets 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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