Tag Archive for: adjustable rate mortgage

When and How to Refinance Your FHA Loan

If you're a homeowner with an FHA loan, you may be wondering when and how you can refinance it. FHA loans, backed by the Federal Housing Administration, offer attractive benefits to first-time homebuyers and those with lower credit scores. However, as your financial situation improves or market conditions change, refinancing your FHA loan could save you money or provide other advantages. In this guide, we'll explore the ins and outs of FHA loan refinancing, including the optimal time to refinance and the various options available.Read More

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

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

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!

After reading this recent blog, a friend of mine who owns a mortgage bank reminded me of one more reason why jumbo rates are lower than conforming rates. Big banks will sometimes buy loans at a loss because they expect to make money by “cross-selling” other products (HELOCs, Financial Planning, Premium Accounts, etc.) to well-qualified borrowers.Read More

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

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

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

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

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

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?

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

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