'Fixed rate mortgage loan' presentation slideshows

Fixed-rate mortgage loan

A fixed rate loan installment amount is calculated in a manner that if you keep the loan for the entire term (be it 15, 20, 30 years etc.) and make all of your payments on time, the loan will be paid off precisely at the end of the term. http://www.awmlending.com/loans-fixed.php

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All Western Mortgage | Adjustable Rate Mortgage loan

Unlike fixed rate loans, the interest rate on ARMs changes from year to year. The most prevalent type of ARM is Hybrid ARMs. A hybrid ARM comprises the qualities of both Fixed Rate mortgages and Adjustable Rate mortgages. In the initial years of a Hybrid ARM, the interest remains fixed and starts changing only after a pre-specified duration. Hybrid Mortgages can have anything from a three year to 10 year fixed rate interest period. More details Web http://www.awmlending.com/loans-adjustable.php

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When you need to Refinance Your Mortgage?

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