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Adjustable Rate Mortgage

Posted in: Adjustable Rate Mortgages
By Taylor Mortgage Group

Adjustable rates transfer part of the interest rate risk from the lender to the borrower. They can be used where unpredictable interest rates make fixed rate loans difficult to obtain. The borrower benefits if the interest rate falls but loses if the interest rate increases. The borrower benefits from reduced margins to the underlying cost of borrowing compared to fixed or capped rate mortgages. These are also known as tracker mortgages.

Adjustable Rate Mortgage (ARM), is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.

For more information on Adjustable Rate Mortgages please feel free to contact us at Taylor Mortgage Group LLC at 303-339-5950 or Janie Taylor direct at 303-884-9393!

   

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Taylor Mortgage Group, LLC

Phone
303-884-9393
Fax
 
720-306-3813

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CO  License:  100013875
NMLS: 385946
Regulated by the Colorado Dept. of Regulatory Agency



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