Adjustable Rate Mortgages
Adjustable rate mortgages gained popularity in the high interest loan market of the 1980's. With rates as high as 16% quoted for even those with high credit scores, obtaining a mortgage loan with affordable monthly payments became difficult. At that time, ARM's provided rates that began far below the market rates and homebuyers planned to replace the adjustable with fixed rate loans when the economy improved.
Get a Mortage Online
Online mortgage lending is a growing field that is starting to seriously compete with traditional ‘in person’ lenders. The process is relatively easy. The important thing to remember is to make sure your know the ins and outs of any and all online home mortgage loans prior to submitting your personal information.