Adjustableratemortgage PowerPoint PPT Presentations

If you have taken a hybrid adjustable rate loan, your monthly payments for the initial years are calculated using the standard mortgage payment calculators, assuming that your initial interest rate remains fixed for the entire duration of the loan. http://www.awmlending.com/loans-adjustable.php

3/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 3 years and starts adjusting yearly after the completion of 3 years. 5/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 5 years and starts adjusting yearly after the completion of 5 years. 7/1 year adjustable rate mortgage: The interest rate remains fixed for the initial 7 years and starts adjusting yearly after the completion of 7 years.

Depending upon your financial condition, needs and requirements you can choose from any of the following mortgage types. Fixed rate mortgage Adjustable rate mortgage VA loans Federal Housing Administration loans http://www.awmlending.com/mortgage-type-of-loans.php