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Is a 3.95% Adjustable Rate Mortgage a Good Deal?
February 21, 2000 "Despite rising interest rates in recent months, I continue to see advertisements for adjustable rate mortgages (ARMs) with a 3.95% rate. Why hasn?t the rate on this ARM risen with other rates? Is this a bait and switch, or what?" It is not a ... more... How to Deal With a UMB January 28, 2004 Here are some guidelines for dealing with a UMB. Your Shopping Focus: When you deal with a UMB, your major focus should shift from shopping the price of the mortgage to shopping for a broker ... more... |
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current fixed mortgage rates 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 current fixed mortgage rates Types of Mortgages Buy to Let Mortgages Best Mortgage Rate - How To Take Advantage Of The Best Home Loans Mortgage 101: First Time Home Buyers Must Read! Florida Refinance Mortgage Remortgage When Monthly Mortgage Payments are Touching New Heights Commercial Loans Cost Effective Way of Funding Business Needs Mortgage Length Calculating Which Is Best Guide to Home Equity Loans Guide to Flexible Mortgages
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