1 STOP MORTGAGE BLOG!

Resetting, ARMs, Interest-Only, Loans

Courtesy Consumer Information – Our Commitment to Serve You!  Tick – Tock...  Do you have a Mortgage Time-Bomb? Over one trillion dollars of HYBRID MORTGAGES were closed within the last ten years, and many are still due to reset and raise your monthly payment!  The definition of a HYBRID MORTGAGE is that they are not fixed for the full term of the mortgage, but only for an initial period of time.  Then they change!  Examples are ARMS, INTEREST ONLY and other Nontraditional Mortgages...all of which can cause your monthly Principal and Interest ...

August 10th, 2014 | News and Tips!, Resetting, ARMs, Interest-Only, Loans

Serving the Great Mid-South Region
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1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134