Adjustable Rate Mortgage (ARM) payment Shock: What you shou

Mortgage Moments Vol 10. Do you have an ARM? Do you know when it adjusts? Do you know how high it can go? All these questions and more should have been explained when you got the loan. But too often, these explanations were not made or made so you understood them. Here the is what [...]

Mortgage Loan Documents ? Identifying Adjustable Rate Mortgage Loan

If you ever signed mortgage loan documents, chances are that you’ve never read all of the pages that you signed. Most people don’t, because it is very time consuming and there is too much meaningless disclosure paperwork that has little or nothing to do with your actual loan and has more to do with lender’s [...]

Fixed Vs. Adjustable Rate Home Mortgage Loan

If you are getting yourself a home mortgage loan, you will most likely encounter a phase where you are torn between choosing a fixed rate or an adjustable type of mortgage. No one can really say that one loan is better than the other. The choice you make is dependent on a number of factors [...]

Can you refinance an adjustable mortgage as a fixed mortgage?

Thankfully, my mortgage is fixed rate. For those out there who are getting pounded by their balooning adjustable payments, do they have an option to refinance their property with a fixed rate mortgage?

With mortgage rates being the lowest in years, will my adjustable rate go lower when it comes to renew?

I have an adj mortg rate, that’s set to renew in september, and with mortg rates being low right now, could it go lower than it is now? Right now it’s high, and that’s what my mortgage started with…not a low int rate.
one has a ARM(Libor index), and the other is a fixed rate.

Question about the Treasury Dept’s efforts to freeze adjustable mortgage rates?

I do not understand why the Treasury Department has to step in to negotiate the freezing of mortgages rates.
Why cant the banks/mortgage companies use their own discretion by doing it themselves?
You would think it would make good business sense to freeze the rate and having a mortgagee continuing paying the mortgage than having the loan [...]

Why are fixed mortgage rates and adjustable rates different?

I just saw that a 30 year fixed mortgage is 6.07% and a 5/1 ARM is 5.91%. What are the reasons why these rates differ by nearly .2%?