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adjustable rate mortgages: Can I review your "ARM" - 08/04/10 07:33 PM
I know so many people that still do not realize that their ARM (adjustable rate mortgage) might not be broken.  I wrote about this way back in March 2008. Is your ARM (Adjustable Rate Mortgage) Really Broken?  Most homeowners always assume tha tif they have an adjustable rate mortgage that their payment and interest rate is going to go upward.  Well due to rates being so low, this is actually the opposite.  If you are truly not sure if you have a broken "ARM", please feel free to contact me and I will be happy to review yourpaperwork and help you … (0 comments)

adjustable rate mortgages: Know the Real Facts about Adjustable Rate Mortgage (ARM) Resets - 07/06/08 03:01 PM
This morning I read an article in the The Arizona Republic titled:  "Arizona rate increases to peak in July".  To paraphrase this article quickly, it basically states that Arizona homeowners will be faced with higher foreclosures due to the number of Adjustable Rate Mortgage that are about to reset.
Let me try to share some more factual information about this since the article did not explain it at all.  The article has you to believe that all adjustable rate mortgages are BAD and that they all increase in rate.  That is NOT true, it really depends on your promissory note.
I … (8 comments)

adjustable rate mortgages: Is your ARM (Adjustable Rate Mortgage) Really Broken? - 03/02/08 11:33 AM
I wanted to talk about some situations that have been coming lately that has lead me to believe that the average "Joe Borrower" is still not aware of yet.
If you think your ARM (Adjustable Rate Mortgage) is BROKEN and this is going to cost your payment to skyrocket, you might be completely wrong.
Peter Thompson wrote a great post about this titled:  Should You Refinance Your Adjustable Rate Mortgage?
I have been getting a flood of calls lately from folks who think they have a broken ARM (Adjustable Rate Mortgage).  Well most of the time, the payment is not changing much, and in some … (4 comments)

adjustable rate mortgages: Adjustable Rate Mortgages a Smarter Alternative for the Savvy Borrower - 02/10/08 04:32 AM
In the Last 24 months, the popularity of the adjustable rate mortgage plummeted.  With the inverted rate curve, it just made better sense for a mortgage lender to advise a client to stay far away from this product.  When you could get a better rate on a longer term note that would not adjust it became pretty clear quickly that we had a one trick pony. 
It was like going to the ice cream shop and asking for "Rocky Road" and you were told "we only sell Chocolate, Vanilla or Strawberry".  
What's funny is how many mortgage lenders used huge amounts of advertising dollars to make the public think … (9 comments)

 
Gary Rainmaker_large

Gary Miljour - Mortgage Lending for Arizona and California

Tempe, AZ

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My City Lender Home Loans

Address: 2350 E. Germann Road Suite 34, (Corporate Office) , Chandler, AZ, 85286

Office Phone: (480) 945-4545 x corp

Cell Phone: (480) 251-0002

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Arizona BK-0920007 California DRE-01889021 My City Lender Home Loans NMLS#161428 Gary Miljour Licensed Loan Originator NMLS#207208


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