What Is An Adjustable Rate Mortgage Or Arm

Copyright 2006 Jason P Bertrand An adjustable rate mortgage is a mortgage loan that is fixed for a set period of time and then adjusts based on the rates during the adjustment period. Some common adjustable rate mortgage loans terms are 1/1, 3/1, 5/1, 7/1, and 10/1. The first number in what appears to be […]

What Is A Reverse Mortgage Proceed

What is a reverse mortgage and what benefits it can give to the typical American senior, who fights with his or her small monthly incomes and with the increasing medical bills? How does a reverse mortgage work and what are the qualifications? 1. The Taxes And Medicare. The money received from the reverse loan is […]