Welcome to the Home Loan Info Center! This site was created to provide helpful information and tools to
consumers.
Hopefully, the articles, tools and information on this site can be of
assistance to you or someone you know. We have tried to present
the information here in a way that is easy to understand, but we're
not practiced textbook writers or trained educators, we're loan guys.
So please...don't hesitate to contact us if you have any questions or
or suggestions or requests.
Yeah, we took our time, but we finally wrote something new!
Should I refinance
my Adjustable Rate Mortgage into a Fixed Rate Mortgage?
Before dumping your ARM for a Fixed Rate, ask yourself
these five questions.
Our first attempt . . . we will focus on the popular and frequently
misunderstood Pay Option ARM (AKA Option ARM, Pick A Payment Loan, Option
ARM). In addition to a brief report that hopefully helps answer
the question, "What is an Option Arm?", we have provided a
simple Excel spreadsheet that you can use to calculate the various payments
available to you under this program.
|
