What is smart arm mortgages - Secrets of the Option ARM Loan



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Mortgage Professor about smart arm mortgages:

Does Greenspan Favor Adjustable Rate Mortgages?
March 8, 2004 "I wonder what you thought of Fed Chairman Greenspan?s statements that mortgage borrowers could save a lot of money if they opted for adjustable rate mortgages (ARMs) rather than fixed-rate mortgages (FRMs)?" While the Chairman?s remarks were ... more...

Is This Adjustable Rate Mortgage a N0-Brainer?
February 18, 2003 "I plan to refinance my 7.25% loan into a 4% adjustable rate mortgage (ARM) that is interest-only for 10 years. I don?t plan to hold this mortgage for more than 8 years. Unless I?m missing something, the decision seems like a no-brainer." You are ... more...

smart arm mortgages related definitions

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...

Mortgage Broker
Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more...

More about smart arm mortgages

Get Free smart arm mortgages Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Secrets of the Option ARM Loan
How Does an Option ARM Loan Work?Option ARM (also called Pick A Payment or Pay Option ARM) loans work by providing the borrower with four payment options each month.Before we get into the payment options, let's review some of the important terms and concepts involved with this loan program.ARM - ... more...

Flexible Mortgage Guide
Here is a useful flexible mortgage guide. Flexible mortgages are loans which allow you to increase or decrease the size of your repayments within certain limits. This type of mortgage is relatively new.Flexible mortgages come in all shapes and sizes. The most basic flexible mortgage runs along ... more...

What is the 1% or 1250% Mortgage Interest Rate All About?
Is this real, are you kidding? Yes and No. There really are programs such as this available but a report issued by a Wall street firm suggests that some low-payment loans in todays hot market could cause problems for borrowers who dont really understand the risks they are going into. This low start ... more...

You Will not Allow Your Mortgage to Go Astray in the Absence of Mortgage Advice
Mortgage advice works on the principle that not every person has enough knowledge to back his mortgage decision with. A few of them do not have time enough to spend on the decision-making. They will try to supplement this lack of knowledge by discussing with friends and relatives, searching ... more...

Online Mortgage in UK - Introducing the Best Mortgage Plan Across UK
Add the term online and it will open for you an exhaustive assortment of opportunities. Add online to mortgage and it will have the same effect. So many people want to get mortgage programme and get with it fast. The online mortgage in UK indisputably takes lesser time and simplifies the entire ... more...

What Is A FHA Loan?
Most of us need to borrow some money at least at one point of time in our life. When we want to buy a car, to study at the College or University, when we want to buy a house or home, when we need money to start our own business - even when we use our credit cards.There are many types of loans and ... more...

Turn That Fixed Rate Mortgage Into A Goldmine
When you purchased your home, you most likely got a fixed interest rate mortgage with a 15 or 30 year term. These are the most popular mortgages in the industry. Even in the summer of 2004, when the interest-only or simple interest mortgage loans became popular, the average American stuck to the ... more...

Interest Only Mortgage Basics
The housing boom in the United States has created a variety of new mortgage products. Interest only mortgages are one type of mortgage lenders are promoting to homebuyers and those refinancing their mortgages.Interest only loans are intended to be a short-term solution to your refinancing needs. ... more...

Choosing a Mortgage Lender
Just as there are many types of mortgages and mortgage deals to choose from, there are also many sources where you can go to get a mortgage. Your key choices are to use a mortgage broker, a more general financial adviser, or shop around yourself and go direct to the mortgage lender. For many people ... more...

Florida Interest Only Mortgages
An interest-only mortgage is one in which you only pay back interest with no principal for a certain period of time. After this time period, which is usually five to ten years, the payment increases to include repayment of both interest and principal. Most lenders in Florida offer interest-only ... more...

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