ARM mortgage
Interest Rate On ARM Mortgage Tied To LIBOR
Many adjustable rate mortgage (ARM) loan interest rates are tied to the London Interbank Offered Rate (LIBOR) and that rate has recently gone up. Q: My mortgage is adjustable, tied to the one year LIBOR. Up until the last few …
Ilyce Glink on the Clark Howard Show – Thanksgiving Financial Markets – November 23, 2011
Thanksgiving financial markets. Mortgage loans and ARM mortgage interest rates hit new all-time lows while home values are down. And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Clark Howard Show …
Ilyce Glink Show – Looking For a Job? So Is The Rest of the World – November 20, 2011
Looking for a job? So is the rest of the world. My takeaways from the CredAbility.org advisory board conference. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 20, 2011 on …
Refinance Your Home or Buy a New House
Given a choice in this housing market, buying a new house may be a better long term option than refinancing your home into a lower rate mortgage. Q: My husband and I have approximately $140,000 left on our mortgage with …
Options for Underwater Mortgage Holders
Q: I need guidance on what to do with my underwater mortgage. My wife, my preschooler, my infant and I are living in a house that we owe $90,000 on that we bought eight years ago for about $100,000. Comps …
Paying For College With ARM Home Loan Or 401k?
Using ARM loan is better than 401k to pay for college. Q: My husband and I are 56 and 55 respectively. We have 3 college tuitions and 2 of 3 weddings done, and are now thinking of taking advantage of …
Ilyce Glink Show – Mortgages and Interest Rates – October 9, 2011
Mortgages and Interest Rates are still dropping. Ilyce discussed this topic along with other questions from callers, providing personal finance advice and real estate advice on the Ilyce Glink Show October 9, 2011 on WSB Radio. More personal finance advice …
Understanding Streamline Refinancing
Q: I was trying to do a streamline refinance of my mortgage and was told that the lender can’t decrease the interest rate on my loan without changing the number of years left on my loan. I have never refinanced …
Refinancing Options For Homeowners Underwater
Q: Our home is under underwater. We have a first mortgage with a big box lender for about $450,000 at a fixed rate of 6.5 percent and a second with a different big box lender for $100,000 at a variable …
Adjustable Rate Mortgage Caps May Be Key To Refinancing Loans
An adjustable rate mortgage with a cap is an excellent option for homeowners looking to refinance. Adjustable rate loans typically have yearly caps and always have a lifetime cap. When refinancing your mortgage loan there are many loans to choose from, especially with today’s historically low interest rates. Consider interest rates, how long you plan on staying in your home and if you could afford the worst-case scenario when looking at refinancing your loan. Caps on an adjustable rate mortgage can be the deciding factor in refinancing a loan.
