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Mortgage Professor about Mortgage Interest Rate: | |||||||||||||||||||||||
Interest-Only Mortgage Tutorial
Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more... Can Mortgage Refinance at a Higher Rate Make Sense? April 8, 2002, Revised November 17, 2004 "Does it ever make sense to refinance into a mortgage carrying a higher interest rate than the mortgage you already have?" Very often it does not. Mortgage borrowers refinancing at higher rates ought to use the 72 hour ... more... |
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Mortgage Interest Rate 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... 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... |
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More about Mortgage Interest Rate Home Mortgage Loans - Fixed Rate, Adjustable or Balloon, Which One Is Right For You? A Critical Guide to Home Loans: Your Options and How They Affect Your Future Selecting the Right Mortgage for You How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Home Loans Exotic Mortgage Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Glossary of Common Terms Used During the Mortgage Process
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