Is a Fixed Rate mortgage better than an Adjustable Rate mortgage?
The answer to this question depends on your situation. Many people prefer fixed rate mortgages with the low rates available today. If you are going to stay in your home for a short time, an adjustable rate may make more sense. Very popular options offered exclusively through California Bank and Trust are ARMs. These loans provide the security of a fixed rate loan and the lower rate benefits of an ARM. When you select your loan preferences, we will discuss the options that might be available to you in order for you to identify the loan best suited for your needs.
The answer to this question depends on your situation. Many people prefer fixed rate mortgages with the low rates available today. If you are going to stay in your home for a short time, an adjustable rate may make more sense. Very popular options offered exclusively through Zions Bank are ARMs. These loans provide the security of a fixed rate loan and the lower rate benefits of an ARM. When you select your loan preferences, we will recommend the loan best suited for your needs.
Many people prefer fixed rate mortgages with the low rates available today, however, if you plan on staying in your home for a short time, an adjustable rate may make more sense. These loans provide the security of a fixed rate loan for a period of time and the lower rate benefits of an ARM. When you select your loan preferences, we will recommend the loan best suited for your needs. What is an escrow account? An escrow account is an account into which you deposit funds each month as part of your loan payment. These funds will be used to pay future bills involving your property such as real estate taxes, property insurance premiums, flood insurance premiums (if applicable) and other expenses which are described in your mortgage contract. Escrow accounts enable us to pay these bills when they become due. This type of account is sometimes known as an “Impound Account.” What is Private Mortgage Insurance (PMI)? If a borrower has less than 20% down payment for the property they wish to pur
The answer to this question depends on your situation. Many people prefer fixed rate mortgages with the low rates available today. If you are going to stay in your home for a short time, an adjustable rate may make more sense. Very popular options offered exclusively through Highlands Home Loans are ARMs. These loans provide the security of a fixed rate loan and the lower rate benefits of an ARM. When you select your loan preferences, we will discuss the options that might be available to you in order for you to identify the loan best suited for your needs.
