Adjustable Rate Mortgages - The Pros & Cons
Offering adjustable rates allows lenders to transfer part of the interest rate risk from themselves to the borrower.
Closing Costs When Buying or Refinancing a Home
They are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender.
Documenting Your Assets - Verifying Your Down Payment
Exception of no asset verification loans, lenders want to verify where the money for your new home will be coming from.
Adjustable Rate Mortgages - The Basics
An adjustable-rate mortgage (ARM) has an interest rate that fluctuates periodically.