REVERSE MORTGAGE

What is a 5/6 Hybrid Adjustable-Rate Mortgage (ARM)?

What is a 5/6 Hybrid Adjustable-Rate Mortgage (ARM)? [REVERSE MORTGAGE catname] A 5/6 Hybrid Adjustable-Rate Mortgage (ARM) is a type of mortgage loan that combines features of both fixed-rate and adjustable-rate mortgages. It is commonly used in the reverse mortgage industry to provide borrowers with flexibility and stability. How does … …

Vendor Take-Back Mortgages: A Guide For Buyers And Sellers

What is a Vendor Take-Back Mortgage? With a vendor take-back mortgage, the terms of the loan are negotiated between the buyer and the seller. This includes the interest rate, repayment schedule, and any other conditions. The terms of the mortgage can be more flexible than those offered by traditional lenders, … …