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years, many economists have not recognized equity indexed annuity ira the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to equity indexed annuity ira and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Negative amortization loan ``Don't count on being able to walk away from your debts by filing bankruptcy,'' said Melissa Richards, general counsel for the California Mortgage Bankers Association. ``I think you have thousands and thousands of people equity indexed annuity ira refinanced and this didn't even 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) equity indexed annuity ira adjustable rate mortgage (ARM). In a FRM, the interest rate, and hence monthly payment, remains fixed for the life (or term) of the loan. In the U.S., the term equity indexed annuity ira usually for 10, 15, 20, or 30 years. In the UK the fixed term can be as short as five years, after which the loan reverts to a variable rate (which makes equity indexed annuity ira loan an ARM). In an ARM, the interest rate 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 Funds Index, COSI, and MTA, are also available but are less popular. Adjustable rates transfer part of the interest rate risk from the lender to the borrower, equity indexed annuity ira thus are widely