Hard Money Rate

Hard Money Rate

Hard Money Rate: What is a Typical Hard Money Rate? In comparison with traditional conventional mortgages and sub-prime mortgages a Hard Money Mortgage is generally seen as more expensive. Often times the reason for this elevated cost is the significant amount of interest a lender will usually levy onto the principal ( most reports indicate[…]

Adjustable Rate Mortgage Variants

Like Adjustable Rate Mortgages these variants are still not fixed for the entirety of the loan’s lifespan, like a fixed rate mortgage is, but also contain a key factor that makes them differ from the normal definition of an Adjustable Rate Mortgage. These three variants are; Hybrid Adjustable Rate Mortgages, Option Adjustable Rate Mortgages, and[…]

Adjustable Rate Mortgage

An Adjustable Rate Mortgage, more commonly known by its acronym ARM, is a mortgage loan characterized by the ability of the loans interest payments to be changed due to market and index changes. Adjustable Rate Mortgages are also commonly called variable rate mortgages, or tracker mortgages. What is an Adjustable Rate Mortgage? In the standard[…]