traditional fixed rate mortgage is the most
common type of loan programs, where monthly
principal and interest payments never change
during the life of the loan.
mortgage is called “interest only” when its
monthly payment does not include the repayment
of principal for a certain period of time.
Used Indexes for ARMs
This is a list of
the most commonly used indexes by ARM lenders.
kind of loan program is best for you?
what kind of mortgage is best for you? Fixed
rate? Adjustable rate? Government loans? The
truth is, there is no one correct answer.