i*a
2 楼
Short answer: adjustable rate mortgage. Low rate for 5 or 7 years. Then
adjusted to market rate usually every year after.
Long answer: google
adjusted to market rate usually every year after.
Long answer: google
M*I
3 楼
Adjustable-rate mortgage
http://en.wikipedia.org/wiki/Adjustable-rate_mortgage
http://en.wikipedia.org/wiki/Adjustable-rate_mortgage
k*o
4 楼
ARM (Adjusted Rate Mortgage) could be amortized in 30 years. Instead of a
fixed (constant) rate, it is a variable with some constrains. There is interest only ARM too.
5/1 ARM 3.000%, 2/2/6: The first 5 year is fixed, then start to adjust each year. (initial adjustment cap / subsequent adjustment cap / life cap)
wikipedia has relatively comprehensive explanation as provided by MortgageMI
【在 r****o 的大作中提到】
: 一直没搞明白ARM到底是什么意思啊？
: 老看到这个词。
fixed (constant) rate, it is a variable with some constrains. There is interest only ARM too.
5/1 ARM 3.000%, 2/2/6: The first 5 year is fixed, then start to adjust each year. (initial adjustment cap / subsequent adjustment cap / life cap)
wikipedia has relatively comprehensive explanation as provided by MortgageMI
【在 r****o 的大作中提到】
: 一直没搞明白ARM到底是什么意思啊？
: 老看到这个词。
l*y
5 楼
现在利率低，是不是就不建议用ARM？
k*o
6 楼
It is largely depending on your own situation. ^.^
Due to relatively low rate for ARM compared with fixed rate, it is easy to
reach DTI (Debt To Income) <= 45% for some borderline borrower(s).
One scenario: If you expect that you will not hold the fixed loan for long
time by either selling your house, or refinancing, then ARM might be a good
option to consider.
In case the mortgage rate unexpectedly jump significantly, you might pay a
relatively "high" (capped) rate.
【在 l***y 的大作中提到】
: 现在利率低，是不是就不建议用ARM？
Due to relatively low rate for ARM compared with fixed rate, it is easy to
reach DTI (Debt To Income) <= 45% for some borderline borrower(s).
One scenario: If you expect that you will not hold the fixed loan for long
time by either selling your house, or refinancing, then ARM might be a good
option to consider.
In case the mortgage rate unexpectedly jump significantly, you might pay a
relatively "high" (capped) rate.
【在 l***y 的大作中提到】
: 现在利率低，是不是就不建议用ARM？
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