What Is A Convertible ARM?

When you’re moving to a new city, there are a lot of things you’ll probably be asking. Are houses expensive? What recreational activities are available in the area? Are schools ...

The town of Bluffton SC is not an impressively large area with a large population. Covering an area of 54 square miles and having a population of about 23,000 people, the town of Bluffton ...

Miami, Florida, is an ooze for tourists and locals alike. Everything you can think of is most-likely possible in this sprawling coastal destination. Whether you are a night owl, looking for ...

A city located in Northern North Carolina that combines both history and millennials in one big bowl, is a city that attracts large companies. With corporate giants such as Lenovo and FedEx ...

Canton Georgia is one of the state’s best cities, and one of the top destinations for those seeking a quiet, relaxing place to live. Maybe you’ve got a family, and you are ...

Relocating is a big step forward for many of us, and deciding where you will spend a good amount of your life is not an easy decision to make. There are many factors that come into play ...

Having the opportunity to live in a small but vibrant city is probably one of the things that most people strive for. Firstly, you get away from the crowded metropolitan areas and the ...

Alexandria ranks as one of the most desirable places to live and there are a few aspects that persuade people to move here. The scenic Potomac River and the historic Old Town Alexandria are ...

An interest rate index that is used on some ARMs. ...

A home built entirely in a factory, transported to a site, and installed there. Manufactured homes are distinguished from 'modular,' 'panelized'' and 'pre-cut' homes. Manufactured houses ...

A biweekly mortgage on which biweekly payments are applied to the balance every two weeks, rather than monthly, as on a conventional biweekly. ...

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

To define a home equity line of credit, we can also take a look at how credit cards work. Similarly to credit cards, home equity lines of credit are sources of funds that can be accessed ...

An option attached to a mortgage, which allows the borrower to pay only the interest for some period. A mortgage is 'interest only' if the monthly mortgage payment does not include any ...

During the great depression of the 1930s, the government stepped in and came with an innovative loan to help the banking industry recover, thus putting the whole economy back on track. FHA ...

Standards imposed by lenders as conditions for granting loans, including maximum ratios of housing expense and total expense to income, maximum loan amounts, maximum loan-to-value ...