Tag Archive | "principal of prepaying"

Adjustable Rate Mortgages

Friday, November 6, 2009

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Throughout this site we have used a fixed rate mortgage as an example. The principal of prepaying also applies to ADJUSTABLE RATE MORTGAGES (ARM). If your monthly payment has dropped due to lower interest rates, now would be a good time to start prepaying. Just continue to make the same monthly payment you have been [...]

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