adjustable rate mortgage: What is an Adjustable Rate Mortgage, ARM, and who can benefit from it - 05/03/13 02:44 AM
What is an Adjustable Rate Mortgage (ARM) and who can benefit from it?  
Adjustable Rate Mortgages (ARM) 1-Year ARM, Caps of 2/6?
An Adjustable Rate Mortgage is a mortgage loan in which
·         The interest rate adjusts periodically according to a predetermined index and margin.
·         The adjustment of the interest rate results in the mortgage payment either increasing or decreasing.
·         Periodic adjustments to the interest rate can occur every six months, every year or in multiple years.
·         ARMs typically have a lower initial interest rate vs. fixed.
·         There are ARMs that have … (0 comments)

 
Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055, Homes for Sale in Plano, Frisco, Prosper, Allen TX (Texas Five Star Realty, Plano Texas)

Bahman Davani, CM at Texas Five Star Realty, Plano, TX (214) 457-7055

Homes for Sale in Plano, Frisco, Prosper, Allen TX

Frisco, TX

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Texas Five Star Realty, Plano Texas

Address: P.O. Box 261665, Plano, TX, 75026

Office: (214) 457-7055

Mobile: (214) 457-7055

Bahman Davani, CM
Broker/REALTOR®
ABR, GRI, CDPE, SFR,
TAHS, eAgentC, and
CCIM Candidate

Office: (214) 457-7055
Cell: (214) 457-7055
Fax: (972) 596-7984

P.O. Box 261665
Plano, TX 75026-1665

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Texas Five Star Realty
P.O. Box 261665
Plano
, TX 75026 US
Phone: 214-457-7055
Website: www.texasfivestarrealty.com/


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