Sentences with phrase «advantage of a adjustable rate mortgage»

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Based on everything we have covered so far, you can probably figure out the advantages and disadvantages of the adjustable - rate mortgage.

The single greatest advantage of taking out an adjustable rate mortgage is to capitalize on the low introductory rates offered by the various products.

Adjustable rate mortgages can be a good choice for certain homeowners who are looking to take advantage of low introductory mortgage rates for set numbers of years.

But if you are planning to sell the house within five and seven years period, you may want to take advantage of the initial low interest rates under adjustable rate mortgage.

Based on everything we have covered so far, you can probably figure out the advantages and disadvantages of the adjustable - rate mortgage.

Particularly for consumers who have adjustable - rate mortgages, now is a good time to restructure loans to fixed rates, taking advantage of near - record lows.

We invite you to learn more about fixed vs. adjustable rate mortgages, including the advantages and disadvantages of each.

For example, you may be planning to stay in your first home for just a few years, in which case we may recommend that you take advantage of a fixed - period Adjustable Rate Mortgage (ARM).

The main reason most homeowners opt to refinance is to take advantage of lower mortgage rates, but you may also be interested in refinancing to shorten your loan term to 20 or 15 years or to switch from an adjustable - rate mortgage to a fixed - rate loan.

In the past years, record low mortgage rates enticed many home owners to take advantage of adjustable rate interest only loans.

Mid America Mortgage, Inc. offers a variety of adjustable rate mortgages (ARMs) designed for consumers looking to take advantage of low introductory rates for a set number of years.

If your clients want the most flexibility regarding interest rates, an Adjustable Rate Mortgage allows them take advantage of low rates today, with the ability to convert into a Fixed Rate Mortgage at any time, without penalty.

Refinance to an Adjustable Rate Mortgage (ARM) and potentially reduce your monthly payments and take advantage of interest rates.

Consumer Handbook on Adjustable Rate Mortgages (Federal Reserve Board and the Office of Thrift Supervision) This booklet provides useful basic information about ARMs, explains how ARMs work and some of the risks and advantages to borrowers that ARMs introduce.

Adjustable Rate Mortgages presupposes lower early payments and may allow you to take advantage of lower interest rates in future.

Based on everything we have covered so far, you can probably figure out the advantages and disadvantages of the adjustable - rate mortgage.

Learn about the advantages of Fixed - rate mortgages and Adjustable - rate mortgages.

Homeowners may choose to refinance their mortgage to take advantage of lower interest rates — and lower monthly payments; to increase or decrease the length of the mortgage — for instance refinancing a 30 - year mortgage into a 15 - year mortgage; to change from a mortgage with an adjustable interest rate to one with a fixed rate; or to extract equity from the home by doing a cash - out refinance.