Consumer Handbook on Adjustable-Rate Mortgages

Consumer Handbook on Adjustable-Rate Mortgages PDF Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 9781422317532
Category : Reference
Languages : en
Pages : 42

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Book Description
Adjustable-rate mortgages (ARMs) are loans with interest rates that change. ARMs may start with lower monthly payments than fixed-rate mortgages, but your monthly payments could change & go up -- sometimes by a lot; they may not go down much, or at all -- even if interest rates go down; you could end up owing more money than you borrowed; & if you want to pay off your ARM early to avoid higher payments, you might have to pay a penalty. The handbook explains how ARMs work & discusses some of the issues that borrowers may face. It includes ways to reduce the risks & gives some pointers about advertising & other ways you can get info. from lenders. This handbook can help you ask the right questions & figure out whether an ARM is right for you. Illus.

Adjustable Rate Mortgages (ARM's)

Adjustable Rate Mortgages (ARM's) PDF Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development
Publisher:
ISBN:
Category : Adjustable rate mortgages
Languages : en
Pages : 1030

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Consumer Handbook on Adjustable-Rate Mortgages

Consumer Handbook on Adjustable-Rate Mortgages PDF Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 9781422317532
Category : Reference
Languages : en
Pages : 42

Get Book

Book Description
Adjustable-rate mortgages (ARMs) are loans with interest rates that change. ARMs may start with lower monthly payments than fixed-rate mortgages, but your monthly payments could change & go up -- sometimes by a lot; they may not go down much, or at all -- even if interest rates go down; you could end up owing more money than you borrowed; & if you want to pay off your ARM early to avoid higher payments, you might have to pay a penalty. The handbook explains how ARMs work & discusses some of the issues that borrowers may face. It includes ways to reduce the risks & gives some pointers about advertising & other ways you can get info. from lenders. This handbook can help you ask the right questions & figure out whether an ARM is right for you. Illus.

Mortgages For Dummies

Mortgages For Dummies PDF Author: Eric Tyson
Publisher: John Wiley & Sons
ISBN: 0470457848
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Need a mortgage but worried about the market? In Mortgages For Dummies, 3rd Edition, bestselling authors Eric Tyson and Ray Brown give you proven solutions for obtaining a mortgage, whether you want to buy your first home, refinance, or tap into your equity. You get the latest on sub-prime and adjustable-rate mortgages, finding the best lender, avoiding fiscal pitfalls and foreclosure, and much, much, more! This easy-to-understand, objective, and jargon-free guide helps you fine-tune your finances, figure out what you can afford, and improve your credit score before you go mortgage shopping. You’ll get familiar with the advantages and disadvantages of fixed- and adjustable-rate mortgages, 15- and 30-year loans, and conforming and jumbo packages. You also get help finding and working with reputable professionals, comparing programs, and securing terms you can live with. Discover how to: Match your mortgage to your financial goals Qualify for a mortgage even when money is tight Find the right loan for you Choose the best lender/broker Negotiate the best terms Calculate your costs and payments Understand and complete all paperwork Refinance an existing mortgage Understand and consider special situation loans Explore reverse mortgages and other options Decipher amortization tables and comparison worksheets Use the Internet wisely when mortgage shopping Now, more than ever, you need clear, reliable information that helps you get the mortgage you need at a price you can afford. You need Mortgages For Dummies, 3rd Edition!

Adjustable Rate Mortgages

Adjustable Rate Mortgages PDF Author: Jack P. Friedman
Publisher: Barrons Educational Series
ISBN: 9780764124549
Category : Business & Economics
Languages : en
Pages : 308

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Book Description
Revised and updated with rates that reflect today’s real estate mortgage market, this pocket-size handbook presents quick-reference number charts that eliminate the need for calculation. As such, its tables are time-savers for business students, loan officers, and buyers seeking an adjustable rate mortgage. The tables are as follows: Monthly Payments, Payment Adjustments Resulting from Interest Rate Adjustments, Borrower’s Worst Case Annual Percentage Rates, Borrowers Worst Case Monthly Payments, Annual Percentage Rates for First Year, Value of Below-Market Initial Rate, Annual Loan Balance Reduction, and Worst Case Annual Percentage Rate for Convertible Adjustable Rate Mortgages.

Adjustable Rate Mortgages

Adjustable Rate Mortgages PDF Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Publisher:
ISBN:
Category : Adjustable rate mortgages
Languages : en
Pages : 684

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The Adjustable Mortgage Loan (AML) and the Adjustable Rate Mortgage (ARM)

The Adjustable Mortgage Loan (AML) and the Adjustable Rate Mortgage (ARM) PDF Author: Stephen R. Mettling
Publisher: Dearborn Real Estate Education
ISBN: 9780884621294
Category : Adjustable rate mortgages
Languages : en
Pages : 65

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Adjustable Rate Mortgages

Adjustable Rate Mortgages PDF Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Consumer Affairs
Publisher:
ISBN:
Category : Adjustable rate mortgages
Languages : en
Pages : 438

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Looking for the Best Mortgage

Looking for the Best Mortgage PDF Author:
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 8

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Your Home Loan Toolkit

Your Home Loan Toolkit PDF Author: Consumer Financial Consumer Financial Protection Bureau
Publisher: Createspace Independent Publishing Platform
ISBN: 9781530666010
Category :
Languages : en
Pages : 26

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Book Description
Buying a home is exciting and, let's face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home.

Rates & Terms on Conventional Home Mortgages

Rates & Terms on Conventional Home Mortgages PDF Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 140

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Book Description