1st guaranty mortgage
filing bankruptcy,'' said Melissa Richards, general counsel for the California Mortgage Bankers Association. ``I think you have thousands and thousands of people who refinanced and this didn't 1st guaranty mortgage enter into their equation,'' said Grant Nelson, a law professor at the University of California-Los Angeles. ``They didn't even think about it.'' There are many types of mortgage loans. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM). In a FRM, the interest rate, and hence monthly payment, remains fixed 1st guaranty mortgage the life (or term) of the loan. In the U.S., the term is usually for 10, 15, 20, or 30 years. In the UK the fixed term can be 1st guaranty mortgage short as five years, after which the loan reverts to a variable rate (which makes the loan an ARM). In an ARM, the interest 1st guaranty mortgage is fixed for a period of time, after which it will periodically (annually or monthly) adjust up or down to some market index. Common indices in the U.S. include the Prime Rate, the LIBOR, and the Treasury Index ("T-Bill"). Other indexes like 11th District Cost of
1st guaranty mortgage
- domain.com
