162

Fixed vs. Adjustable Rate Home Loan

Two of the most popular types of home loans include fixed rate loans and adjustable rate loans, or ARMs. Fixed rate loans have a steady interest rate over a specific period of time, usually between 15 to 30 years.

Read More
142

Should I Refinance My Interest Only Mortgage?

An Interest only mortgage is exactly what it sounds like — a type of mortgage that allows a buyer to pay only the interest (rather than the principle and interest) due on the mortgage each month.

Read More
25

Do you know your cap rate?

You know if you have an adjustable rate mortgage, of course, but do you know your cap rate? Adjustable rate mortgages, commonly called ARMs, have periodic and lifetime cap rates.

Read More