Feb 8, 2011 | Adjustable Rate Mortgages, Blog
If your ARM is due to adjust this spring, your best move may be to allow it. Don’t rush to refinance — your rate may be adjusting lower. It’s because of how adjusted mortgage rates are calculated. First, let’s look at the lifecycle of a...
Jan 12, 2011 | Adjustable Rate Mortgages, Blog
For some homeowners, electing to take an adjustable rate mortgage over a fixed rate one can be matter of budgeting. ARMs tend to carry lower mortgage rates and, therefore, lower monthly mortgage payment as compared to a comparable fixed rate loan. Relative to fixed...
Sep 10, 2010 | Adjustable Rate Mortgages, Blog
When adjustable-rate mortgages are on the verge of adjusting, a common concern among homeowners is that their mortgage rates will adjust higher. Well, this year, because of the math of how ARMs adjust, homeowners around the country are seeing that mortgage rates on...