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Mortgage Professor about year arm: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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... Pay Points on an Adjustable Rate Mortgage? November 22, 1999 " I understand that if I intend to stay in my house a long time, it may pay me to pay extra points to reduce the interest rate, but does this apply to ARMs?? Does the interest rate reduction on an ARM only apply to the starting rate, or does it carry ... more... |
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year arm related definitions |
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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... Caps, Payment Caps (Payment) Consumer safeguards which limit the amount monthly payments on an adjustable rate mortgage may change per year and/or the life of the loan. See also: ARM Mortgage ... more... |
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