What Is A Convertible ARM?

Located in North Carolina, the town of Cary has a population of about 170,000 people, and it is known to be one of the hottest small cities in the East. The city is continually growing, and ...

If you're in the process of moving, there's a good chance that you've already researched a laundry list of questions. You might have searched up the average price of a home in a prospective ...

The real estate market in Nashville is harsh. Investors and wannabe homeowners fight over the low inventory. Investors want to get passive income by renting the property, while others ...

In Jacksonville, Florida, sunshine and beaches have been a driving force for many newcomers. Still, is there something else that the city knows and practices best? Indeed, it must be ...

Figuring out if an area is suitable for investments is necessary for both real estate investors and homebuyers. Whenever you start looking for a city to relocate to, besides ensuring that ...

Do you wish to live and thrive in a compelling metropolitan area but also feel like you’re on a beach holiday every day? In short, this is one of the many advantages of moving to ...

Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...

Yes, you can! Now, it depends on what type of loan you are looking for. Is it a home loan? Or a payday loan? It is possible to borrow money even with a FICO score of 500 points. So, when ...

The party advancing money to a borrower at the closing table in exchange for a note evidencing the borrowers debt and obligation to repay. Retail, Wholesale, and Correspondent Lenders: ...

The array of laws and regulations dictating the information that must be disclosed to mortgage borrowers, and the method and timing of disclosure. ...

The month in which a zero loan balance is reached. The payoff month may or may not be the loan term. ...

A documentation option where the applicant's income is disclosed and verified but not used in qualifying the borrower. The conventional maximum ratios of expense to income are not ...

Assuming responsibility for someone else's payment obligation in the event that that party defaults. ...

The number of days for which any lock or float-down holds. The longer the period, the higher the price to the borrower. ...

A borrower, usually refinancing rather than purchasing a home, who allows a lock to expire when interest rates go down in order to lock again at the lower rate. ...

Every ARM is tied to an interest rate index. An index has three relevant features:availibility, level, volatility. All the common ARM indexes are readily available from a published source, ...