ARM Loan Adjustable rate mortgage is a type of loan where the initial interest rate is fixed for a certain time, then varies periodically based on the terms of the loan chosen by the borrower and the benchmark interest rate chosen by the lender. For example, 5/1 ARM has an initial interest set for first 5 years, then the interest changes annually. Fixed rate mortgages have a same interest rate over the life of the loan, adjustable rate mortgages usually have lower interest ra

What is a Bridge Loan? Bridge loan is a short term financing loan option that helps the borrowers to purchase a new property even before selling their currently owned property. These are considered as the short term real estate transactions where a quick funding is needed. They are also called as Interim financing, Gap financing or Swing loans. This gives the borrower the flexibility for the borrower to buy a new home while owning a current home and the mortgage interest rate

Buying a home is an exciting process in which choosing the right loan is as important as choosing the right home. There are a few factors to be considered before buying a home and starting the mortgage application process. There are certain steps that you may take to make your mortgage application look stronger and get the desired loan terms. Lenders carry out a comprehensive process in determining your loan eligibility and affordability based on your income, credit history,