How You Refinance Matters » Payment Option Mortgage

How to Avoid Adjustable Rate Mortgage Payment Shock

Robert Regehr — Sat, 22 Sep 2007 00:01:39 +0000

If you’re concerned about your mortgage payment amount when the lender resets your Adjustable Rate Mortgage, there are several ways to protect yourself from payment shock. What is payment shock? Imagine waking up one day to a statement from your mortgage lender showing that your payment amount has gone up $650 and you can no [...]

How to Avoid Adjustable Rate Mortgage Payment Shock is a post from Robert Regehr's Mortgage Refinancing Blog.

Payment Option Mortgage Refinancing

Robert Regehr — Fri, 12 Jan 2007 00:43:25 +0000

With conventional mortgage refinancing, the homeowner pays a set amount every month to reduce the mortgage principle until the end of the loan term. This gradual reduction of your loan balance is a feature of fully amortizing loans. Payment option loans are different from conventional mortgage in a number of ways. Mortgage Payment Options When [...]

Payment Option Mortgage Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.