Tag Archive for: adjustable rate mortgage

What Are Interest-Only Mortgages and How Do They Work?

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An interest-only (I/O) mortgage is a type of mortgage in which the borrower is only required to make interest payments for a set initial period. Interest-only mortgages can be helpful for several reasons, but it is important to understand the pros and cons when determining if this loan type is a good fit for you.Read More

Adjustable Rate Mortgages Hit 14-Year High

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ARMs now comprise 11% of all mortgages, up from only 3% at the start of the year. And the reason is obvious: consumers can knock 1% or more off of their mortgage rate by taking an ARM instead of a 30-year fixed.Read More

Offer Rent-Backs To Get Offers Accepted; ARMS Are Back!

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ONE MORE REASON JUMBO RATES ARE LOWER THAN CONFORMING After reading this recent blog, a friend of mine who owns a mortgage bank reminded me of one more reason why […]Read More

What Is The Best Mortgage For First-Time Homebuyers In California?

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Many first-time homebuyers in California may be unfamiliar with the various mortgages available. First-time homebuyers in California have many mortgage financing options available to them. There are numerous pros and cons to every kind of loan; working with a reputable mortgage lender, like JVM Lending, is the best way to determine which type of loan fits your unique financial situation.Read More

Jumbo Market Lives; Inflation = Windfall; Why Lenders Are Terrified of Forbearances

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I am repeating this b/c I am still getting so many questions: The Jumbo Market Definitely Lives. Jumbo buyers with 20% down can buy up to $1.6 million in CA […]Read More

Why Nobody Takes ARMs (Adjustable Rates); Inverted Yield Curves; Recessions

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SELLING ARMS IN THE 1990s There was an event in 1995 that gave a wonderfully powerful jolt to my book of business. A sales rep from a lender called LaSalle […]Read More

Some Rate Reminders for California Borrowers

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Everyone wants to get the best mortgage rate possible when they’re getting ready to take out a loan for their home purchase. Here a few helpful reminders to keep in mind about mortgage rates in CaliforniaRead More

Things to Know About ARM Loans in California

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An ARM Loan (Adjustable-Rate Mortgage) is exactly what it sounds like: it’s a mortgage loan that has an interest rate that can change, or adjust, over time. Rates usually hold for a certain amount of time and then begin to adjust based on the type of ARM Loan a borrower secured.Read More

ARMs Are Back, But Not “Evil”; When To Take an ARM?

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The Wall Street Journal (WSJ) had an article today on the return of ARMs, or adjustable rate mortgages. About 1/3 of conforming borrowers took ARMs in late 2013, and over […]Read More

How To Lower Debt Ratios 101

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Experienced Mortgage Analysts (or Loan Officers) have many tools to lower debt ratios to help borrowers qualify for a larger loan. Here are a few that all loan officers should […]Read More