Loan Guide & Debt Repair Articles
 Home Page
 Loan Blog
 - Mortgage Loans
 - FHA/VA Home Loans
 - Bad Credit Mortgage Loans
 - Mortgage After Bankruptcy
 - Refinance
 - Refinance After Bankruptcy
 - Bad Credit Mortgage Refi
 - Home Equity Loans
 - Bad Credit Home Equity Loan
 - Refinance Home Equity Loan
 PayDay Loans
 Credit Counseling
 Debt Consolidation
 - Bad Credit Debt Help
 - Tax Debt Help
 Auto Loans
 - Bad Credit Car Loans
 - Car Loan After Bankruptcy
 - Refinance Car Loan
 Personal Loans
 Student Loans
 Credit Cards
  - Bad Credit Credit Cards
 Loan Calculators
 Credit Help
 
Adjustable Rate Mortgages

Should you consider an adjustable rate mortgage (ARM)? The interest rate of an ARM is tied to an index rate. Periodically the monthly payment on an adjustable rate mortgage may go up or down depending upon whether the index rate it is tied to has gone up or down.

Top Recommended Companies To Refinance With:
(updated ):

Act Now! Lower your monthly mortgage payment!     - Competitive rates and no hidden fees
    - Bad Credit OK
    - New Purchases, Home Equity & Refinance
    - One dedicated mortgage banker from first call to closing
    - Quick Application with worthwhile results

If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.

Mortgage rates are still low. Refinance & Lower Your Payment!
    - Get Started on a Lower Payment Now!
    - America's #1 Online Lender
    - Save More and Spend Less!
    - No Obligation and Free Expert Advice

Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.



Obvious advantages - An adjustable rate mortgage has two obvious advantages. One, at the beginning of the mortgage term the monthly payment will be lower. Two, the payment to income ratio will be lower therefore it may be possible to qualify for a larger loan amount.

Know ARM definitions - There are three basic terms to know when considering an adjustable rate mortgage. One, index rate the rate that the mortgage will be tied to, such as a one, five or ten year treasury security. Two, margin the amount the interest rate on the mortgage will fluctuate. A margin of two means the interest rate will be two points above the index rate. Three, caps ceilings on how much the interest rate can go up each period. There also may be caps on the interest rate over the life of the loan and caps on the actual amount of the payment.

Be cautious - Depending on the situation an adjustable rate mortgage can be a wise idea. However, an ARM can also lead to an unanticipated large increase in a monthly mortgage payment. Payments may go up $200 or more at one time. If considering an ARM, discuss it in depth with your financial institution. Don't be timid about getting a second opinion.

Here are our recommended mortgage lenders online:

These are the Best of the Best:
(updated )

Mortgage rates are still low. Refinance & Lower Your Payment!
    - Get Started on a Lower Payment Now!
    - America's #1 Online Lender
    - Save More and Spend Less!
    - No Obligation and Free Expert Advice

Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.

Act Now! Lower your monthly mortgage payment!     - Competitive rates and no hidden fees
    - Bad Credit OK
    - New Purchases, Home Equity & Refinance
    - One dedicated mortgage banker from first call to closing
    - Quick Application with worthwhile results

If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.

The average rate of interest on mortgage loans continues to fall and has been under 5 percent for almost all of this past year, with this recent round of rate cuts seen as the lowest for borrowers in years. The reason, many borrowers today have bad or at least less than perfect credit scores. Still a borrower with less then perfect credit an jump through a few hoops and get a fairly decen rate on a loan.

Loan Articles

Get A FREE Refi Rate Quote!

         
         
     
 

Home Page | Articles | Privacy Policy | Site Map | Contact