Mortgages
Bankruptcy vs. Foreclosure
Some parts of the United States are seeing a rebound from the housing crisis. However, other areas are only just seeing the beginning which is leaving cash-swapped consumers with some serious decisions. One of the decisions that these consumers face is whether to allow their house to be foreclosed on or instead filing […]
Are Option ARMs an Option?
The Options Adjustable Rate Mortgage is an Adjustable Rate Mortgage (ARM) and like most ARMs it consists of taking an index, most commonly the MTA (12 month Treasury Average), CODI (Cost of Deposit Index), and COSI (Cost of Savings Index), then adding a margin to total the final interest rate.
Unlike other traditional mortgages, where the […]