Fixed Option Arm
Most people have heard of the Option Arm or Pick A Pay loan. A newer product is now out that provides the flexibility of payment options and also the security of the margin and index being fixed for
http://www.brokeroutpost.com/reference/50589.htm (Updated: 10/09/2007)
Related Reference Topics: [option arm, hybrid]

Fixed Rates, Lowest Payments
Love it or hate it, the Payment Option ARM or Pick a Pay mortgage has become one of the most popular home loans in the USA, accounting for over 40% of new loans since 2005, and is definitely the faste
http://www.brokeroutpost.com/reference/74045.htm (Updated: 06/24/2007)

5 year adjustable rate mortgage
A five year ARM is a loan that has a fixed period for five years, and then adjusts periodically for the rest of the life of the loan. During the fixed period, your interest rate won't change.
http://www.brokeroutpost.com/reference/27352.htm (Updated: 05/28/2007)
Related Reference Topics: [arm, adjustable, rate, hybrid]

7 Year Fixed Rate Hybrid Mortgage
sometimes referred to as the "7 1", the 7-Year Fixed Rate Loan is a mortgage where the interest rate is fixed for 7 years. After the 7-year fixed period, the interest rate adjusts, usually once a yea
http://www.brokeroutpost.com/reference/25190.htm (Updated: 03/16/2007)
Related Reference Topics: [fixed rate, hybrid]

5 Year Fixed Rate Hybrid Mortgage
a mortgage program in which the interest rate remains the same for the initial 5 years. At the end of the fifth year, the mortgage turns into an Adjustable Rate Mortgage for the remainder of the loan
http://www.brokeroutpost.com/reference/25189.htm (Updated: 03/16/2007)
Related Reference Topics: [fixed rate, hybrid]

3 Year Fixed Rate Hybrid Mortgage
a type of home loan where the interest rate stays the same for the first 3 years of the loan term, thereafter the interest rate is adjusted periodically. Depending on the indices used, after the init
http://www.brokeroutpost.com/reference/25187.htm (Updated: 03/16/2007)
Related Reference Topics: [fixed rate, hybrid]

1% Mortgage Refinancing
1% mortgages are widely advertised, and for many borrowers offer the opportunity to unlock their home equity on an ongoing basis by deferring interest in exchange for additional cash flow. 1% mortgag
http://www.brokeroutpost.com/reference/94219.htm (Updated: 02/22/2007)
Related Reference Topics: [option arm, fixed, 1%]

Hybrid ARMs
Hybrid ARMs have fixed and adjustable features that usually start out as fixed for a set period of time.
http://www.brokeroutpost.com/reference/23675.htm (Updated: 02/26/2006)

Hybrid Mortgage
Variable or adjustable rate mortgage whose interest rate is fixed for a 3, 5, 7, or 10 year period.
http://www.brokeroutpost.com/reference/11089.htm (Updated: 02/19/2006)