3 things that your lender must disclose about an adjustable-rate loan
3 things that your lender must disclose about an adjustable-rate loan
1. the fact that the loan's interest rate, payment, or term can change.
2. the frequency of interest rate and payment changes.
3. the fact that the interest rate will be discountedand that the consumer should ask about the amount of the interest rate discount.
- lender |
- loan officer |
- loan |
- real estate |
- broker |
- mortgage lender |
- mortgage broker
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Related posts
1. the fact that the loan's interest rate,
payment, or term can change.
2. the frequency of interest rate and payment changes.
3. the fact that the interest rate will be
discountedand that the consumer should ask about the amount of
the interest rate discount.
1. the fact that the loan's interest rate,
payment, or term can change.
2. the frequency of interest rate and payment changes.
3. the fact that the interest rate will be
discountedand that the consumer should ask about the amount of
the interest rate discount.
LendingTree participants made 11 fixed-rate mortgage offers for every one ARM in the first half of 2022. Last year it was a 41-to-one ratio.
LendingTree participants made 11 fixed-rate mortgage offers for every one ARM in the first half of 2022. Last year it was a 41-to-one ratio.
A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown. “To compare two ARMs or to compare an ARM with a fixed-rate mortgage,” the handbook states, “you need to know about indexes, margins, discounts, caps on rates and payments, negat...
A few years after risky mortgages and related investments led to a global financial collapse, the Federal Reserve put out a handbook to help consumers make smarter choices about their home loan options. The focus was on adjustable-rate mortgages, whose exotic variants were among the prime culprits in the meltdown. “To compare two ARMs or to compare an ARM with a fixed-rate mortgage,” the handbook states, “you need to know about indexes, margins, discounts, caps on rates and payments, negat...
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice. Your C...
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s higher rates and lock in the lowest one you can, here are a few factors to focus on. Since approval opportunities can vary, connect with a trusted lender for customized advice. Your C...
If you have an adjustable-rate mortgage—commonly referred to as an ARM—you may be wondering when and if you should refinance to a fixed rate home loan. There are numerous factors you should consider when you think about refinancing, and even more to think about when it comes to making the switch from an ARM to a fixed rate mortgage. What’s the Difference Between ARMs and Fixed Rate Mortgages? Both of these loan options are quite self-explanatory when you consider their names. An adjustable...
If you have an adjustable-rate mortgage—commonly referred to as an ARM—you may be wondering when and if you should refinance to a fixed rate home loan. There are numerous factors you should consider when you think about refinancing, and even more to think about when it comes to making the switch from an ARM to a fixed rate mortgage. What’s the Difference Between ARMs and Fixed Rate Mortgages? Both of these loan options are quite self-explanatory when you consider their names. An adjustable...
About Housing Bubble There are millions of houses sold and bought every year across the country. The buyers and sellers go with the market prices of the properties using fair appraisals. However, many factors determine the prices of these properties and in the last few years, we see them skyrocketing. This is something that many people are scared of, as this was precisely what happened in the Great Housing Bubble in real estate back in 2008. In this post, we will understand what is a housing...
About Housing Bubble There are millions of houses sold and bought every year across the country. The buyers and sellers go with the market prices of the properties using fair appraisals. However, many factors determine the prices of these properties and in the last few years, we see them skyrocketing. This is something that many people are scared of, as this was precisely what happened in the Great Housing Bubble in real estate back in 2008. In this post, we will understand what is a housing...
You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying […]
The post With Mortgage Rates Rising, Is an Adjustable Rate Right for You? appeared first on Lighter Side of Real Estate.
You’re probably well aware that mortgage rates are rising. At the same time, home prices don’t seem to be coming down, there’s still a ton of competition, and you’re probably no stranger to bidding wars when you make an offer on a house. So you might be searching for a way to maintain the buying […]
The post With Mortgage Rates Rising, Is an Adjustable Rate Right for You? appeared first on Lighter Side of Real Estate.
If you’ve been looking at rural real estate, you may have found it easy to get lost in the weeds (literally and figuratively). You want to buy smart about the property you purchase and how you invest your money. Avoid the mistakes that so many rural land buyers make! First, find out what to know when buying rural land, and then start your shopping. To start, answer these three questions correctly, and you should end up happy with that piece of county heaven when you find it! What is the area l...
If you’ve been looking at rural real estate, you may have found it easy to get lost in the weeds (literally and figuratively). You want to buy smart about the property you purchase and how you invest your money. Avoid the mistakes that so many rural land buyers make! First, find out what to know when buying rural land, and then start your shopping. To start, answer these three questions correctly, and you should end up happy with that piece of county heaven when you find it! What is the area l...
The Federal Reserve just increased the Fed Funds rate .75%. What does that mean, and how does it impact the mortgage market? Here are three things to know about today’s news: 1. The Federal Reserve Influences Mortgage Rates, They Do Not Set Them Many have the misconception that the Federal Reserve’s actions have a direct impact on mortgage rates. Many assume that if a mortgage was offered 6% this morning, it’s now 6.75% after this afternoon’s announcement. That isn’t the case, however....
The Federal Reserve just increased the Fed Funds rate .75%. What does that mean, and how does it impact the mortgage market? Here are three things to know about today’s news: 1. The Federal Reserve Influences Mortgage Rates, They Do Not Set Them Many have the misconception that the Federal Reserve’s actions have a direct impact on mortgage rates. Many assume that if a mortgage was offered 6% this morning, it’s now 6.75% after this afternoon’s announcement. That isn’t the case, however....
As real estate agents, marketing is a non-negotiable part of our businesses. It helps us get leads, boost sales and stay relevant. With all the aspects that go into marketing, how do we implement the strategies and tactics that actually work? In today’s episode, the roundtable shares how to elevate a mediocre marketing strategy. You’ll also learn; Why podcasts beat blogs Why paid advertising gets results faster How to incorporate geofencing in your business strategy Why you need ...
As real estate agents, marketing is a non-negotiable part of our businesses. It helps us get leads, boost sales and stay relevant. With all the aspects that go into marketing, how do we implement the strategies and tactics that actually work? In today’s episode, the roundtable shares how to elevate a mediocre marketing strategy. You’ll also learn; Why podcasts beat blogs Why paid advertising gets results faster How to incorporate geofencing in your business strategy Why you need ...