Payment Option Mortgage

How to Avoid Adjustable Rate Mortgage Payment Shock

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 […]

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Payment Option Mortgage Refinancing

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 […]

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