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1st Foreclosure Prevention Blog


Archive for the ‘Adjustable Rate Mortgage’ Category

December 12th, 2009

Three Real-Estate Theories Bringing the Economy Down

Interesting article about current foreclosure crisis:
(http://www.businessinsider.com)
“Clobbered bears are now clinging to three real-estate theories that will bring the economy down:
• Commercial real-estate collapse (worst-kept secret ever)
• Option ARM reset armageddon (some analysts think the chart that scares the hell out of everyone here is misleading and out of date)
(http://www.businessinsider.com/john-carney-chart-of-the-day-monthly-mortgage-rate-resets-2009-9)
(http://www.businessinsider.com/henry-blodget-the-coming-alt-a-mortgage-reset-bomb-is-a-myth-2009-8)
• A delayed wave of foreclosures, thanks to mortgage mods [...]

posted by admin at 6:16 am
No Comments | Categories: Adjustable Rate Mortgage, Dealing with lenders, Foreclosure News, Mortgage help, Short Sale, foreclosure, foreclosure mitigation, loss-mitigation |  | 

November 18th, 2009

Types of Mortgages

When considering buying a home, before signing anything it is important to fully understand what type of mortgage you are agreeing to. If you already have purchased a home, it is still important to know your mortgage and how the terms are set up. Some mortgages have a fixed rate while others are [...]

posted by admin at 3:28 am
No Comments | Categories: Adjustable Rate Mortgage, Mortgage help |  | 

July 22nd, 2009

Adjustable Rate Mortgage – What is an Adjustable Rate Mortgage?

An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate is adjusted based off an index. The index can be based off the lenders cost of funds or off the rates on 1 year constant maturity Treasury (CMT) securities, the Cost of Funds Index (COFI), and the London Interbank Offered Rate [...]

posted by admin at 10:14 pm
6 Comments | Categories: Adjustable Rate Mortgage, Dealing with lenders, Saving your home from Foreclosure | Tags: , , , , ,
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