- ADJUSTABLE RATE MORTGAGES (ARM) (1334 downloads)
These loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.
- CHOOSING A MORTGAGE PROGRAM (1644 downloads)
There isn’t a single or simple answer to this question. The right type of mortgage for you depends on many different factors:
- FIXED RATE MORTGAGES (1977 downloads)
The most common type of mortgage program where your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable.
- HOME EQUITY CREDIT LINES (1359 downloads)
If you need to borrow money, home equity lines may be one useful source of credit. Initially at least, they may provide you with large amounts of cash at relatively low interest rates and they may provide you with certain tax advantages
- INTRODUCTORY RATE ARM’S (1178 downloads)
Most adjustable rate loans (ARMs) have a low introductory rate or start rate, some times as much as 5.0% below the current market rate of a fixed loan. This start rate is usually good from 1 month to as long as 10 years. As a rule the
- STANDARD ARMS AND THE DIFFERENCES (1194 downloads)
A few options are available to fit your individual needs and your risk tolerance with the various market instruments.