For an ARM loan, an index of interest rates is used to calculate periodic adjustments in the rate and payment on the loan. Home Buyers today are faced with an alphabet soup of mortgage programs and financing terms such as ARM's, FRM's and GPM's. Since you need to keep updated on rates, programs and terms, look below and come back often to find out what's happening in the mortage marketplace. Here are a number of useful tools and links. No endorsement is made by Sally of any of the lenders linked here.
Information is provided for comparision purposes only.
We do endorse using DeWolfe Mortgage Services . If you choose to use any of the programs offered by Mortgage101 you do so at your own risk of providing any confidential information requested. No representations or endorsements are made herein. Generally this program consists of two separate mortgage loans on the property you're buying that co-exist together. This loan can be a fixed or adjustable rate mortgage, whichever the borrower prefers.