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December 11, 2013

What is a payment-option ARM?

A payment-option ARM is an adjustable-rate mortgage that allows you to choose among several payment options each month. The options typically include a traditional payment of […]
December 11, 2013

What is an I-O mortgage payment?

Traditional mortgages require that each month you pay back some of the money you borrowed (the principal) plus the interest on that money. The principal you […]
December 11, 2013

Interest-Only Mortgage Payments and Option-Payment ARMs

Owning a home is part of the American dream. But high home prices may make the dream seem out of reach. To make monthly mortgage payments […]
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