Tag Archives: ARM

Adjustable-Rate Mortgages Are A Relative Bargain Today

For buyers and refinancing households throughout IL , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac’s weekly survey of more than 12......

5-Year ARM Falls To Historic Lows

The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There’s never been a better time to lock an ARM. ......

Mortgage Scenario for February 10, 2010

4.25% (APR 3.902%), 5-Year Interest-Only ARM, $400,000 loan amount, 80% Loan-To-Value, Purchase or Refinance, Single Family Home, 740 FICO In this scenario we are highlighting an Interest-Only ......

Mortgage Scenario for February 3, 2010

3.625% (APR 3.504%), 5-Year ARM, $350,000 loan amount, 80% Loan-To-Value, Purchase or Refinance, Single Family Home or Condo, 740 FICO, 1 Point This is a generic purchase or refinance scenario ......

Mortgage Scenario for January 26, 2010

3.875% (APR 3.493%), 5-Year ARM, $250,000 loan amount, 75% Loan-To-Value, Purchase or Refinance, Single Family Home or Condo, 740 FICO This is a generic purchase or refinance scenario where the......

Mortgage Scenario for January 20, 2010

3.75% (APR 3.583%), 5-Year ARM, $400,000 loan amount, 60% Loan-To-Value, Refinance – No Cashout, Single Family Home, 740 FICO This is a generic refinance scenario where the borrower has a......

Mortgage Scenario for January 19, 2010

3.875% (APR 3.590%), 5-Year JUMBO ARM, $630,000 loan amount, 70% Loan-To-Value, Refinance – No Cashout, Single Family Home, 700 Min FICO for Self-Employed This is a typical Jumbo refinanc......

Mortgage Scenario for January 14, 2010

3.875% (APR 4.172%), FHA 5-Year ARM, $386,000 loan amount, 96.5% Loan-To-Value, Purchase, Single Family Home, 680 FICO, 1 Origination Point This is a pretty standard FHA purchase scenario where......

Mortgage Scenario for January 13, 2010

3.75% (APR 3.665%), 5-Year ARM, $417,000 loan amount, 60% Loan-To-Value, Refinance – No Cashout, Single Family Home, 740 FICO, 1% Origination Fee Seems strange that the APR (Annual Percen......

Mortgage Scenario for January 7, 2010

4.25% (APR 3.934%), 5-Year ARM, $300,000 loan amount, 75% Loan-To-Value, Refinance – No Cashout, Single Family Home, 740 FICO Seems strange that the APR (Annual Percentage Rate) is lower ......

Switch to our mobile site