arm: Lender Gone Wild
- 01/13/09 03:08 PM
Somewhere behind locked doors where the motif is best described as a late 70’s disco club, there sits a handful of banking executives studying the success of one of the few industries that continue to survive the current downward trends in our economy. That is right, I am talking polished brass poles and scantly dressed women. It comes down to making money off the bare essentials of what God has given us. Okay… not really, but one lender has adopted the philosophy of offering only the bare essentials of the mortgage industry. And I am one to admit that lending needed … (10 comments)
arm: The Best Mortgage IS a Fixed Rate Mortgage
- 07/30/07 03:59 AM
The Best Mortgage IS a Fixed Rate Mortgage When shopping for a mortgage, one can easily become overwhelmed with all the different mortgage programs that are out there: Fixed Rates (FRM), Adjustable Rates (ARM), Hybrids, etc. The problem that consumers face is "which mortgage is the best?" The answer to this is: the best mortgage program is that program that best suits the individual's needs. But how does one know which is the best, if one is not up on all the different types of mortgages?
Well, let's break mortgages down to their very basic levels: rate and term. Rate is the interest … (38 comments)
arm: It's going to be a photo finish... and the winner is
- 11/25/06 11:00 AM
Let's go back to before the race... Once upon a time, there lived a Thoroughbred stallion who went by the racing name of Foregoing Risk. He was trained and groomed by all the best trainers. The public loved him. He was a sure bet for any race. Well one day, a new horse, a gelding by the name of Adventures Rising, showed up in the circuit. He had been brought up by the same breeders, but received different training. Adventures had spent almost all of its training to be the first horse out of the gate. He was steady with his pace just like Foregoing, but … (12 comments)
arm: ARMs - Just in case you wanted to know
- 11/17/06 04:29 PM
Adjustable Rate Mortgages (ARMs) have been pretty popular lately in the media, but not necessarily in a good way. This post is not going to address the media or repuation that surrounds these mortgage products. Instead, it is going to inform you, the consumer, of what an ARM is and why the exist. Then you can decide. First, what is an ARM? An ARM is a mortgage product that often has a fixed interest rate for a short term compared to the overall length of the mortgage term (typically 30 years). Once the fixed period has lapsed, the interest rate then becomes … (2 comments)
Somewhere behind locked doors where the motif is best described as a late 70’s disco club, there sits a handful of banking executives studying the success of one of the few industries that continue to survive the current downward trends in our economy. That is right, I am talking polished brass poles and scantly dressed women. It comes down to making money off the bare essentials of what God has given us.
;)
;)
