Tag: #aboveitalldiamondrealty

• What is 10/1 ARM (adjustable-rate mortgage) and how does it work?

  

  With adjustable-rate mortgages, the number before the slash is the period the interest rate is fixed, and the number after is how often the interest rate changes once the fixed-rate period ends. So, 10/1 means your rate is fixed for the first 10 years, and then adjusts annually after that. The variable rate on an…

  Marie

  November 8, 2024

  Uncategorized

  #aboveitalldiamondrealty, #realestate, #realestateagent, budget, credit, credit-scores, creditworthiness, economy, finance, home-buying, housing-market, interest-rates, payment-history, personal-finance, real-estate