Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Flexing the ARMs
Flexing the ARMs
 
     In the mortgage industry, there are some dirty words.  Aside from the more obvious ones like "denied" and "dead deal" are some that are more industry jargon than well understood concepts.  When speaking with a consumer, many lenders fear the mention of these dirty words might cause borrowers to look elsewhere, so many times the words are never spoken.  One of these dirty words is "points" and I just did a write-up that hopefully helps clean that one up.  Another word amongst the dirtiest to many borrowers is "ARM".
 
     I know, I know, ARMs are the devil - the sole reason for the mortgage market meltdown just a few years ago - but hear me out.  Unlike that ex-  that just texted you a hello a couple months after your tenth break-up, ARMs really have changed!  They're more stable, safer, and offer a ton of benefit to the right borrower.  Who is the right borrower?  Well, I'll get to that in a minute, but let's just say it's a lot more people than you might think.
 
 
     A few years ago, ARMs were a big part of the wild west that was the mortgage industry.  Lenders could offer ARMs ... more

__________________________________________________
Are you on The Rain? Grow Your Network!