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Mortgage Lending Getting a Little Easier
We are starting to see mortgage bank-statement programs again and also a stated-income mortgage loan program is now available. Both of these programs are for the self-employed borrower only. The...
View ArticleAdjustable Rate Mortgages -
Adjustable Rate Mortgages or ARMs got a bad reputation during the mortgage melt-down of the not to distant past. Was the product itself at fault? No it wasn’t the fault of the adjustable rate mortgage...
View ArticleAdjustable Rate Mortgages: How Do They Really Work?
An adjustable rate mortgage (ARM) is one that provides for the interest rate to change (adjust) at fixed intervals throughout the term of the loan. How often the interest rate can change is determined...
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