Sentences with phrase «hybrid mortgage»

Hybrid Mortgage Loan: A loan to purchase a home that combines an adjustable rate mortgage with a fixed rate mortgage.

These are considered hybrid mortgages because the rate is fixed for a set period before converting to the adjustable period.

For the record, I don't like hybrid mortgages.

The new Hybrid mortgages with options for interest - only payments are usually for the first ten years of the term.

Typically offered on a five - year term, hybrid mortgages split the principal into two portions — half in a variable rate and half in a fixed rate.

Most hybrid mortgages have a fixed interest rate for the first ten years after which time the interest rate becomes adjustable.

Hybrid mortgages also let borrowers stagger their renewal dates, limiting the chances for interest rate increases.

Equity Wounds Friedman, Billings & Ramsey, an investment banking firm based in Arlington, Va., was credited with creating hybrid mortgage REITs, and unique transactions such as taking a company that owned automobile dealership assets public in a REIT format.

Our clients have access to flexible programs and options — construction financing, 100 - percent financing with the pledge of qualified assets in lieu of a cash down payment, and hybrid mortgages — often closing within 30 days.

A hybrid mortgage combines some of the features of fixed - rate and adjustable - rate mortgages.

A 5/1 adjustable - rate mortgage (ARM), is a hybrid mortgage, just like 7/1 ARMs and 3/1 ARMs.

By negotiating wisely, choosing a shorter amortization period, tapping into your RRSP's for a down payment and considering a hybrid mortgage, you will be able to ensure you are getting the best deal possible.

We were looking at capped mortgages, hybrid mortgages, even all - in - one mortgages like the Manulife One account.

A bit of both An alternative approach is to use a hybrid mortgage.

Hybrid mortgages are good for people who plan to spend many years in their home but know that they will eventually move into a new home.

For example, a hybrid mortgage may have a fixed interest rate for the first ten years and then the interest rate will increase.

Hybrid Mortgages are similar to adjustable rate mortgages, but the fixed - rate time period is usually longer.

If rates are low, a hybrid mortgage can benefit a borrower with its variable rate component while also protecting against future rate increases with its fixed - rate component.

A hybrid mortgage, sometimes known as a laddered mortgage, lets borrowers lock in part of their home loan at a higher fixed interest rate and part at a lower variable interest rate, essentially splitting the mortgage in two.

The greatest benefit of a hybrid mortgage is not having to decide on either a fixed - rate or adjustable - rate mortgage, since you'll be receiving both.

A hybrid mortgage combines features from fixed - rate and adjustable - rate mortgages, offering borrowers greater flexibility.

Hybrid mortgage has lost its attraction; it is not there where it was a year ago.

Contact Super Brokers to speak with a mortgage professional who can help you decide if a hybrid mortgage suits your needs.

This is a hybrid mortgage that starts off with a fixed rate for the first five years.

Even conventional borrowers with ARM and hybrid mortgages could face a crunch, especially those who stretched their finances to buy a home, those who took advantage of loose lending standards by taking out big loans without showing documented proof they could afford it, and those whose home values have plummeted below the mortgage amount.

Option - arms and hybrid mortgages are also considered adjustable - rate mortgages.

But if you have a hybrid mortgage loan like a 3/1 ARM, your mortgage payments could drastically change every year once the three - year introductory period is over.