Tag Archive for: arm loans

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

Interest Only Loans Vs. Fully Amortized Loans

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Borrowers often ask for “Interest Only” (IO) loans because they want lower mortgage payments, and we discourage them for a variety of reasons. I am discussing the pros and cons […]Read More

Things to Know When Considering ARM Financing

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Not all buyers go for the tried-and-true 30-year fixed-rate mortgage. For some, an Adjustable Rate Mortgage (ARM) is a better loan product for their housing needs. Here are a few things to keep in mind for buyers considering using an ARM to finance their property.Read More

In Defense of ARMs (Adjustable Rate Mortgages)

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Much more competitive Adjustable Rate Mortgages (ARMs) are coming to the market now for a variety of reasons. So, I wanted to briefly discuss reasons to take an ARM over […]Read More

LIBOR Will Die in 2021. What Happens Next?

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There has been a lot of news lately about LIBOR, or the London Interbank Offered Rate. This is the rate that major banks charge each other for short term loans. […]Read More