Should I get a fixed rate or an adjustable rate?
Many mortgage loans have either a fixed interest rate or an adjustable interest rate. With a fixed-rate mortgage, the interest rate never changes and your payments remain stable throughout the life of
http://www.brokeroutpost.com/reference/148396.htm (Updated: 10/22/2007)
Related Reference Topics: [fixed rate, adjustable rate, arm]

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]

Fully Indexed Rate
The Fully Indexed rate is the total rate that a mortgage payment is based on. The fully indexed rate is equal to the margin plus the index.
http://www.brokeroutpost.com/reference/22518.htm (Updated: 07/08/2007)
Related Reference Topics: [rate, index, margin, pay option arm]

Adjustable Rate Mortgages
Adjustable rate mortgages otherwise known as a variable rate mortgages are a mortgage loan where the interest rate on the note is periodically adjusted based on an index.
http://www.brokeroutpost.com/reference/136816.htm (Updated: 06/30/2007)
Related Reference Topics: [adjustable rate, arm refinance, refinance, negative]

MTA Index Refinance
MTA stands for Monthly Treasury Average, and is also know as the MAT or 12 MAT. The MTA or MAT index is a relatively slow moving ARM index based on the 12 month average of the monthly average yields
http://www.brokeroutpost.com/reference/107005.htm (Updated: 06/24/2007)
Related Reference Topics: [mta, mat, option arm, fixed, arm, index]

Interest Rates explained
Probably the most misunderstood concept in mortgages is the interest rate. And yet, probably nothing plays a bigger role in our entire financial system. The term “Interest Rate” itself is broad in
http://www.brokeroutpost.com/reference/135547.htm (Updated: 06/24/2007)
Related Reference Topics: [interest rates, indexes, market, economy]

Indexes Explained
There are several indexes that a lender may use for your adjustable rate mortgage (ARM). Although lenders can choose from a variety of indexes for your ARM, most likely you will not be able to reques
http://www.brokeroutpost.com/reference/25191.htm (Updated: 06/01/2007)
Related Reference Topics: [indexes]

LIBOR
LIBOR is the London Interbank Offered Rate. LIBOR is the rate charged by one bank to another for lending money. The LIBOR is an international index that follows world economic conditions. LIBOR-indexe
http://www.brokeroutpost.com/reference/20299.htm (Updated: 05/31/2007)

Heloc Rates
HELOC's are loans that are fully indexed at the Prime Lending Rate plus an additional number of interest points depending on what the borrowers credit score is.
http://www.brokeroutpost.com/reference/128753.htm (Updated: 05/29/2007)
Related Reference Topics: [heloc, second mortgage, refinance, low rate mortgage]

LIBOR index-
A Libor Mortgage is short for the London InterBank Offered Rate, the interest rate offered for U.S. dollar deposits by a group of large London banks. There are actually several Libors corresponding to
http://www.brokeroutpost.com/reference/128774.htm (Updated: 05/27/2007)
Related Reference Topics: [libor, ajdustable rate mortgage, arm, mta]

ARM - Index
ARM loans, or Adjustable Rate Mortgages almost all have a feature which can greatly affect how much your monthly mortgage payment or mortgage rate may increase after the introductory fixed rate period
http://www.brokeroutpost.com/reference/105909.htm (Updated: 05/26/2007)
Related Reference Topics: [arm, adjustable rate mortgage, fixed, refinance]

Adjustable Rate Mortgage
The adjustable rate mortgage or ARM is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. The index could be for example the one year treasury, cd rates or e
http://www.brokeroutpost.com/reference/11371.htm (Updated: 05/21/2007)

Adjustable Rate Mortgage Calculations
Calculating the current interest rate for an Adjustable Rate Mortgage requires information found on your ARM rider usually attached to your mortgage.
http://www.brokeroutpost.com/reference/123186.htm (Updated: 05/13/2007)
Related Reference Topics: [arm, fixed period, libor, mta, margin, index]

COSI loan
The COSI Loan (also known as the COSI Mortgage) is an adjustable payment (not rate!) loan that uses a Cost of Savings Index (COSI) of the lending bank.
http://www.brokeroutpost.com/reference/123051.htm (Updated: 05/12/2007)
Related Reference Topics: [cosi, adjustabe rate mortgage, refinance]

How does an adjustable rate work?
Understanding how an adjustable rate mortgage (ARM) works can help you when shopping for a mortgage. The basic components of an ARM are the INDEX, MARGIN and RATE. In addition to those things, you al
http://www.brokeroutpost.com/reference/69260.htm (Updated: 01/14/2007)

Which Index Should I choose?
Loans with an adjustable rate feature are tied to an index. Each index has advantages and disadvantages. You will want to research each of these indexes to see the historical movements.
http://www.brokeroutpost.com/reference/23731.htm (Updated: 04/24/2006)
Related Reference Topics: [option arm, index, adjustable]

Relocation Considerations
According to psychologists relocation is among the most stressful events that can happen to a person, or a family. Changing jobs, which often occurs when relocating, is also high on the stress index.
http://www.brokeroutpost.com/reference/25131.htm (Updated: 04/21/2006)
Related Reference Topics: [relocating, new job, new school]

ARMs Explained
ARM is an acronym for adjustable rate mortgage. ARMs are mortgage that are tied to a certain index, and will adjust at different periods based on certain economic factors.
http://www.brokeroutpost.com/reference/27172.htm (Updated: 03/15/2006)
Related Reference Topics: [arm, adjustable rate mortgage]

Prime Rate
The Prime Rate is the interest rate charged by banks for short-term loans to their most creditowrthy customers. It is also used by lenders as an index for equity lines of credit (ELOCs) in addition t
http://www.brokeroutpost.com/reference/11864.htm (Updated: 02/19/2006)

Indexes
An index is the published interest rate to which the interest rate on an Adjustable Rate Mortgage (ARM) is tied. Some examples of common indexes are: LIBOR, PRIME, COFI, MTA, etc...
http://www.brokeroutpost.com/reference/20301.htm (Updated: 02/19/2006)

MTA
The Monthly Treasury Average, also known as 12-Month Moving Average Treasury index (MAT) is a relatively new ARM index. This index is the 12 month average of the monthly average yields of U.S. Treasur
http://www.brokeroutpost.com/reference/15324.htm (Updated: 02/10/2006)

(ARM) Adjustable Rate Mortgage
an Adjustable Rate Mortgage is a loan in which the interest rate varies at predetermined intervals in step with the movements of an agreed upon external index rate for some portion of the life of the
http://www.brokeroutpost.com/reference/15356.htm (Updated: 01/28/2006)