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July 20, 2006
1% Mortgage Loans- Pros and Cons of the Option ARM Mortgage for Refinance or
Negative Amortization Loans have been reintroduced to homeowners as the Option ARM Loan." Is this the case of sneaky mortgage marketing or do these loans offer value? Let us take a minute and look at both sides. Neg am loans are unique because they offer low monthly payments where the interest is deferred and added to the balance of the mortgage each year. Clearly nothing is for free, so the bank will make it money by betting that you keep the loan and defer the
From 1% Mortgage Loans- Pros and Cons of the Option ARM Mortgage for Refinance or
Posted by Sean at July 20, 2006 09:38 AM
