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Blog entries tagged with "arms":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
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of this community.
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For the two weeks after the government takeover of Freddie Mac and Fannie Mae we saw a historic drop in mortgage interest rates. In fact it was the largest two week drop since 1995. This was after rates had been gradually falling for the previous two months on rumors of the … (2 comments)
What are the advantages of fixed rate versus adjustable rate loans?
The London Interbank Lending Rate, known as LIBOR, is an index used in ARM loans, including some "Neg Am" or "Option Arms". Another common index is the Treasury Bill. According to Bloomberg.com, 41% of the ARMs in the US are tied to the LIBOR. Almost all subprime ARM loans are tied … (5 comments)
With option pays, borrowers have four separate payment choices every single month. Yes one month you can choose to pay interest and principle and another month partial interest, in case you wanted to live above your means. hmmm...how many did that do you think The option arm mortgage adjusts frequently, every … (5 comments)
So many people that I know personally and care a great deal about were driven to purchase a home in the last couple of years because they thought it was a good investment. Many of them shared the sentiment that if they hadn’t done so, they would “miss” their opportunity to … (3 comments)
Okay, what are the options?
Is it possible to get great Jumbo loan rates in today's market? The answer - absolutely! The strategies I use in this market place, on how to best negotiate and buy property*, give the Jumbo borrower some very positive opportunities. 
Special mortgage financing for licensed medical doctors. With the Doctor Loan program, clients will enjoy access to special mortgage pricing discounts, and the security that comes from knowing that they have a solid relationship with a trusted financial partner.
Adjustable Rate Mortgages (ARMs) can be very confusion but if you understand how they work and when and how to use them, they can save you a lot of money. The firs thing you should understand about an ARM is the index.
I love history because you can learn from it. It applies to the real world and our own personal lives. A hand that gets burned by placing it too close to the fire - develops a reluctance to repeat the same mistake again. So too in financing. As a student in … (25 comments)
There are just over 6000 foreclosures on the MLS right now. Of the 53,000+ listings on the MLS, over 20,000 are vacant and of those just over 6000 are foreclosures. The exact number of short sales on top of the foreclosures are hard to gauge.
Every county has a government location where it stores official documents for their citizens. Many of them, in fact, have these documents searchable, by type, date, and even down to the parcel number. Depending on your local laws, this default or notice of trustee sale can mean the party is anywhere … (4 comments)
What a mess the mortgage industry is in right now. Something needs to be done and the guys with the nice coats and ties up in Washington can't fix this because they don't know what the root of the problem is. On top of that, they have no idea and the … (2 comments)
I would make lots more money by telling you to refinance right away but I am going to suggest the following instead. Is your mortgage interest will be adjusting in the next 6 months. If you are one of the many people who bought at the height of the market and your … (0 comments)
I was reading a mortgage blog this morning and a simple solution was posed by a women who works for an attorney in Florida. Her job used to be putting together the documents for real estate closings, but now the lion share of her work is helping families to avoid … (10 comments)
Somebody please explain to me why the Presidential Administration is threatening to VETO the FHA short bill? If someone owes more than what their property is worth and it is an adjustable rate mortgage.....someone is going to just walk away instaed of attempting to refinance. This is the stupidest thing I … (0 comments)
Adjustable Rate Mortgages are mortgages for which the interest rate is subject to change over time according to pre-defined rules.
ARM is a common acronym for Adjustable Rate Mortgage and every ARM has similar features:
An initial fixed period during which the mortgage rate doesn't change
An initial interest rate … (0 comments)
So, when does it become appropriate to refinance your existing low adjustable rate home mortgage is the question many of my clients are not asking me nor themselves. Far too often, when speaking with a client who has a low adjustable rate I'm told this... I already have a low rate … (0 comments)
We are getting a lot of phone calls from people who are saying that their once fixed adjustable rate mortgage will be soon adjusting this Fall 2008.
irst the good news, fixed rates have come down this week. The bad news ......
When the Fed cuts its short term over night rate it usually causes long term yields to increase, so the 30 and 15 year fixed rates tend to go up. However, the adjustable rates which a majority are based off the the 6 month LIBOR (London Interbank Offered Rate) goes down … (2 comments)
Rates - Is it always best to have the lowest rate? We have been accustomed to always asking for the lowest long term fixed rate. Why would we think otherwise?
Not so long ago the mortgage market was a lot like Baskin Robins 31 Flavors Ice Cream - a flavor for every need or taste. You wanted Rocky Road or Lemon Custard? No problem. A 5 year fixed payment Jumbo option ARM or a 30 year fixed rate with interest only … (0 comments)
Conventional Loans: Conventional loans are mortgage loans offered by non-government sponsored lenders. These loan types can range anywher from 10 to 40 years and include:
Many borrowers haveare now shying away from Adjustable Rate Mortgages (ARM's) after the recent mortgage meltdown. As people shy away from adjustable-rate mortgages, they're becoming comparatively less expensive. 
February 18, 2008 
Just over a year and a half ago the real estate market in the United States was red hot and setting records all around the country. It is now coming to a screeching halt. There are a variety of reasons like interest rates that are increasing and also the affordability for … (0 comments)
Across America there are a record number of loan defaults and foreclosures and some blame, in part, a loan program called the Option Arm. The truth of it is these can be great tools for mortgage professionals to use with the right clients or they can be complete nightmares for … (0 comments)
Well, I've been staying positive and informing my clients that I believe 2008 should be a great year. We should see a bottom to this housing mess and towards the end of the year be in a good turn for the best. Alan Greenspan is in agreement stating that he believes … (5 comments)
According to Freddie Mac, the 30 year fixed rate mortgage is currently at 4 year lows! This should certainly help those buyers who are "on the fence." It is also a great time to refinance out of those ARM's or just lock in a super low rate. Please let me know … (1 comments)
Well, of course you have heard the new, rates are dropping, and will agian next week by the FED to curve the anxiousness of the market. So, is the the time to refi? good Question. As a consultant, I would recommend sitting down or calling a mortgage professional, like myself, or … (0 comments)
To give you an idea of what lies ahead, find out what would happen if the rate were to reset now. Plan ahead so you're not caught off-guard. This is something to keep an eye on. 
I read a couple of articles today that said ARM's (Adjustable Rate Mortgages) are not always to blame for foreclosures. However I find it ironic that the states with high amounts or ARM's also have high rates of foreclosures. 
Good morning! Are you in an adjustable rate mortgage? Is it set to adjust this year? Don't panic. The natural inclination is to want to refinance before your interest rate goes up. But I think it's important to weigh all sides before making your decision.
NOTE: This article is part of the forthcoming book, the Gotcha GuideTM to Buying or Investing in Real Estate. Email us to join the mailing list for the release date. By DeeinAustinTM Remember Adjustable Rate Mortgages (ARMs)? Here's a tip. They're mortgage loans that gained popularity in 2003-2005. Now pick the … (0 comments)
Back when the subprime problems were first being recognized by the media early this year, I wrote a post predicting one of the much bigger issues were going to be opton ARM's. Basically as the teaser rates on these loans reset, increasing numbers of people would not be able to make … (8 comments)
Disclaimer: No person has a crystal ball to predict how and when the Las Vegas Housing Market will bottomed out and rise again. The general public should be forewarned that these are my personal feelings and that there still is freedom of speech in the great USA. That being said, after the last several weeks of … (4 comments)
Option ARMs Can Be Helpful or Harmful, Depending on the Borrower
~Breaking News~Bush Administration Puts a Freeze on Subprime ARMS
On December 4th, we wrote a blog titled "Freeze the ARMs!" that examined the Treasury Department's plan to freeze the teaser rate on certain Adjustable Rate Mortgages. That commentary generated a number of questions and comments, so we thought we would expand on our original blog. First, however, we'll get you … (0 comments)
Bush Administration Puts the Freeze on Subprime ARMs After weeks of meetings between Treasury Department officials, mortgage lenders, and Wall Street firms, the Bush administration today announced that an agreement has been made to "freeze" interest rates for up to five years on certain subprime adjustable rate mortgages. 
Choosing an Online Mortgage LenderBy Frank Schiefelbein @ http://www.frankforhomeloans.com/Where you get a home loan could affect your finances and even your credit rating for years, so it's important to know as much as possible about your lender. Below are some questions to help choose among the many lenders online. Is this … (1 comments)
Check out this link, http://www.fha.gov/about/fhasfact.cfm, for information on the newest announcement made by HUD to assist those buyers with conventional ARMS(Adjustable Rate Mortgages) that are due to adjust between now and March, 2008, one of the largest pool of ARM's that have ever been written and purchased by both Fannie Mae … (0 comments)
I was asked today "when do you think the market will come back and what will my home be worth then? What would you have sold my home for 2 years ago?" (Michigan)
FHA is currently doing a significant business in refinancing non-FHA mortgages. The program is designed to help homeowners, who previously demonstrated the ability to make timely monthly mortgage payments prior to their reset of an Adjustable Rate Mortgage (ARM) an opportunity to refinance into a prime-rate FHA-insured mortgage. In many cases homeowners … (4 comments)
Monday, November 12, 2007
They say to be careful what you wish for...and with Halloween just around the corner, kids aren't the only ones wishing for a "treat". This Wednesday, October 31st, The Fed will decide if the financial markets will get a treat of their own with another cut to the Fed Funds Rate. … (2 comments)
From InmanWiki
Pre-payment penalties. Just when you were doing so well, and manage to pay that loan off early, they slap you with a pre-payment penalty. Ouch! Well, if it's any consolation, you can itemize that away, which should ease the pain. 
Approximately 600,000 ARMS are set to well, reset next month. This prompts a coalition of groups to call for a moratorium on ARMS. A two year moratorium. WKYC's website has an article about it here. 
I met with a client this past weekend. They have a 2 year ARM and an adjustable Home Equity loan, both of which are about to adjust. Between the two they have a high ltv and I felt they would fit right into an FHA loan. Their ratios are a bit … (13 comments)
Gloomy October forecast for ARM This October many homeowners will be forced to pay higher monthly mortgage payments than they can reasonably afford. And while the amount of homeowners that will be affected is staggering, it's not exactly new information -- it's been known for two years that this crisis was … (2 comments)
Could the soft market possibly be due to a decline in housing affordability? Possibly... This coming fall will mark the one year anniversary of the housing markets fall from grace. The more optimistic predictions had this fall as being the beginning of the road to recovery! I sure hope so. Most … (2 comments)
I thought with the fallout of the mortgage industry that options arms would be the first thing to go....but I have seen all over the place, here in Virginia, signs everywhere advertising options arms. We have so many foreclosures here in Prince william county along...many of them due, among other things, … (1 comments)
Homeowners could finally be getting some much needed relief when it comes to Adjustable Rate Mortgages(ARM's). The Federal Housing Administration (FHA) has put together a temporary program designed to provide refinancing opportunites to borrowers of conventional Adjustable Rate Mortgages who are delinquent under their current mortgage as a result of their … (5 comments)
Trivia: The theory is that the original Flatiron building (1860-1989) was shaped to be able to accommodate both Front Street and Pacific Avenue (formerly Willow Street) because its owner, Hugo Hihn, wanted to be in position to be on the primary commercial strip, once it was established. Apparently, Front Street was … (0 comments)
All this talk about short sales ... how quick are they?The name "short sale" doesn't reference the time involved, rather it describes the situation when a lender or bank agrees to accept less for the property than is actually owed on the mortgage. It is a realistic phenomenon in real estate … (5 comments)
Another shaky month in the real estate industry with so many conflicting reports on the news. Every day, the experts speculate about what will happen next. What will happen next? For many consumers, the ARM (Adjustable-Rate Mortgage) was the only answer to their home loan needs. A couple of years ago, … (2 comments)
I'm sitting with some realtors that I work with and the questions I get is, what is happening to the market? What do you mean what is happening, I ask them. The market is what it is. In Colorado the market has been on a downward turn for years, our appreciation … (2 comments)
<!---->Union Savings Bank Phone: 614 339 1256 Cell: 614 849 2214 E-mail: jtumbarello@usavingsbank.com … (0 comments)
As the pendulum swings from any person who can fog a mirror being approved for 100% financing, to only those toting large down payments and credit reports pure as the driven snow being considered viable credit risks, the question I keep being asked is: "What is happening?!?" Realtors, developers, past clients, … (6 comments)
In my previous post, Adjustable or Fixed Rate: Which One Should You Choose?, I was rushed and the article did not flow well. I have taken the time to rework it a little and make it more fluid for more clarity and to better serve the reader...
An adjustable rate mortgage (hybrid/ARM), is a loan with an interest rate linked to an economic index. The interest rate, and your payments are periodically adjusted ^ up or down v as the index changes. Lenders generally offer lower rates on ARM loans because they have the ability to adjust the rate you … (5 comments)
So, in trying to determine a format for creatively writing about a semi "bearing" and highly discussed topic, I came to the thought that one of my favorite childhood book characters is a lot like most of my borrowers. Therefore, I figured that she should perhaps take on a new mission … (13 comments)
UPDATE! There's been a change to the topic/subject for this weeks Carnival of Content. After discussion with several prominent members, the topic/subject is being changed to "ARMS vs. Fixed Rate: Which is Better?"
Foreclosures are beginning to be a problem as housing sales slump, both in new homes and resale homes.