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More California Homeowners Turn To Pay Option ARM Loans When Refinancing
By Team iBizExpert On February 28, 2022 01:42 AM
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When they want to get cash out of their home or lower their monthly payments, more and more California homeowners are refinancing with a Pay Option adjustable rate mortgage (ARM) loan.
People in California are refinancing their homes more...
Option Arm Mortgage Loans: How do they work?
By Team iBizExpert On February 13, 2022 04:00 AM
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Most option arm mortgage loans give the borrower four ways to pay each month: a fixed payment for 30 years, fixed payment for 15 years, a payment for interest only, or a deferred interest or minimum payment.
The fully indexed rate is used...
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