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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... Mortgage Calculators: Comparing FRMs and ARMs August 17, 2000, Revised March 18, 2003 Borrowers trying to decide whether they should select an adjustable-rate mortgage (ARM) or a fixed-rate mortgage (FRM) based on the lowest after-tax interest cost can now use calculators 9a and 9b. These cover ARMs that don't allow ... more... |
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mortgage rate index predictions 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... Margin Margin The amount a lender adds to the index on an adjustable rate mortgage to establish the adjusted interest rate. Margin is constant throughout the life of the loan. INDEX + MARGIN = FULLY INDEXED RATE Example using the 1 Year Treasury: 1 Year Treasury Index = ... more... |
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More about mortgage rate index predictions
How To Boost Your Chances at Having a Successful Web Site Adjustable Rate Mortgage - How They Work? Keep Your Eye Focused On Treasury Bond Rates To Adjust Your Current Mortgage Rates |
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