Learn what your banker knows. Have you been declined for a loan or mortgage? Just looking for a better rate on a new or existing one? Be Kind to your Banker explains how to avoid being turned down, ripped off, or overextended. You will learn how to improve your chances of approval within 24 hours, get preferred client rates, and arrange your loan to be as financially safe and flexible as possible. This little book may save you hundred or thousands of dollars. Start by getting a loa
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Specialized Mortgage Rate Research Website, 5-Year-ARM.com Launches
Compare 5/1 ARM mortgage rates at 5-Year-ARM.com
Wilmington, NC (PRWEB) December 26, 2011
5-year-arm.com recently went live, offering consumers information on 5 year ARM mortgage programs and direct access to current 5 year ARM rates from a variety of mortgage companies. CMG Equities, LLC, the financial publisher behind the new site hopes it will be a valuable resource for mortgage shoppers interested in learning more about the pros and cons of 5 year adjustable rate mortgages.
Home buyers and homeowners often don’t consider adjustable rate loans for the their home financing, preferring the security of a fixed rate mortgage and a monthly payment that will never increase. However, as 5-year-arm.com points out, there are scenarios for which the program could be a great fit.
A five year adjustable rate mortgage has a fixed rate for the introductory five year period, and then the rate will adjust each year based on the current market at the time of adjustment and the terms of the loan. Each 5 year ARM has an annual cap and a lifetime cap, which limit the amount the rate can increase with each yearly adjustment, and overall.
In exchange for taking on the risk of interest rate increases down the road 5 year ARM borrowers are rewarded with rates during the 5 year introductory period that are generally much lower than comparable 30 year fixed home loans. If a homeowner plans to sell the home, refinance, or pay off the mortgage before the 5 years are up, they could see significant savings by selecting the 5 yr ARM program.
Here is an example of mortgage rates posted on 5-year-arm.com on Wednesday, December 21, 2011 which illustrates how pricing for the different programs can compare:
Lender: Gateway Bank Mortgage
5/1 ARM Rates: 3.000% Note Rate, 3.034% APR, 0 Points, $ 875 Fees
30 Yr Fixed Rates: 3.875% Note Rate, 3.885% APR, 0 Points, $ 250 Fees
Lender: EverBank
5/1 ARM Rates: 2.750% Note Rate, 2.783% APR, 0 Points, $ 852 Fees
30 Yr Fixed Rates: 3.750% Note Rate, 3.785% APR, 0 Points, $ 852 Fees
On a $ 200,000 loan the difference from a rate of 3.75% to 2.75% equates to a difference in monthly payment of $ 109.75. Multiply that times 12 payments a year over five years and the potential savings amounts to $ 6585. Of course, this example is based on the pricing from just one day. Mortgage rates change all the time, and the difference between fixed rate and adjustable rate pricing changes as well, based on current economic conditions.
“Our goal is for mortgage shoppers to make informed decisions,” said Nat Criss, Managing Partner of CMG Equities, of the company’s decision to create 5-year-arm.com. “Home buyers might not know they have options other than a 30 year fixed loan, and we aim to bring them information on some of these lesser utilized programs. They can then bring questions to their loan representative and explore what makes the most sense for their scenario,” he continued.
No sign up or personal information is required to view today’s mortgage rates on 5-year-arm.com, and the interest rates posted are routinely among the best available on the market. Competing mortgage banks, lenders, and brokers are listed side by side for simple comparison.
Rates posted are subject to change. Please visit the site to view the criteria used in the rate survey.
About 5-Year-ARM.com
5-Year-ARM.com is a mortgage research web site where consumers can learn about the 5 year adjustable rate mortgage program (5/1 ARM) and compare current mortgage rates from competing providers. 5-Year-ARM.com is owned by CMG Equities, LLC which is based in Wilmington, North Carolina.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
- 2.0 megapixel digital tabletop microscope with 1/2″ color complementary metal-oxide semiconductor (CMOS) image sensor and USB 2.0 computer output to display images or video, commonly used for quality control (QC) inspection, medical and scientific research, geology, mineralogy, chemistry, and for printing and textile inspection.
- Optical magnification of 10X to 50X, and digital magnification of 200X
- 8 built-in, white LED lights with two-step intensity control for illumination, automatic white balance, and the ability to be turned on and off
- Included software produces images (JPEG or BMP formats) or video (AVI format)
- One year warranty
The Aven 26700-300 zipScope is a tabletop, 2.0 megapixel digital microscope that has a USB interface, eight white LED lights with two intensity settings, a snapshot button for image capture, optical magnification of 10X to 50X, and digital magnification of 200X. This digital microscope enhances the resolution of an object or image, and connects to a computer for image display. It is commonly used for quality control (QC) inspection, medical and scientific research, geology, mineralogy, chemistr
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Veros Leads Next Generation of AVMs with Enhanced VeroVALUE
Santa Ana, Calif. (PRWEB) May 02, 2012
Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management, and predictive analytics, has announced a series of gradual and controlled updates to its VeroVALUE AVM, which have produced significant improvements in performance, including hit rate and accuracy. Originally brought to market in 2001, VeroVALUE developed a strong reputation for model quality, unsurpassed hit rates in key areas of the U.S. as well as reliable, transparent value estimate and confidence scores that correlate with valuation accuracy.
“We are dedicated to reestablishing VeroVALUE as the premier AVM in the industry,” said David Rasmussen, senior vice president of operations at Veros. “Veros has taken VeroVALUE’s performance to a higher, industry leading level and AVM users have taken notice. We encourage all AVM users who are not familiar with VeroVALUE’s latest performance metrics to test the AVM.”
With a strong and long-standing reputation in the field of AVMs and real estate analytics, the Veros analytics team has applied a renewed focus to the AVM’s data sources, data management, models and due diligence. The enhancements, which include model optimization and adjustments to selection and weighting, applied to VeroVALUE’s already extremely sound, and highly functioning models, have amplified the AVM’s performance on a national level. .
VeroVALUE is benefiting from an increased frequency of data as well as the availability of additional physical characteristics and other data points relevant to the subject property. The additional data is derived in part from the inclusion of MLS data, which also provides its own distinct benefits to the AVM. Veros’ technology is second to none with more efficient hardware to allow better data currency and multiple data servers dedicated to discerning “good” properties from those expected to create data issues and conflict in the valuation. When issues are identified, Veros’ work continues, using this knowledge and the company’s proprietary tools to specifically target areas for future enhancement, issue resolution, and deeper optimization.
“AVM enhancements aren’t rolled out overnight,” said Rasmussen. “Any strong analytic tool needs constant care and maintenance. The current results generated by VeroVALUE are the efforts of numerous months of due diligence and testing to ensure highly accurate data. These results are expected to continue to improve as the attention remains keenly focused on VeroVALUE’s optimization. Clients are reporting increases to their accuracy and hit rate numbers, both in new sale and refinance transactions.
“Delivering a sound valuation is a dedicated discipline at Veros. Our clients should continue to expect transparent and sound valuation estimates, as well as the flexibility to pair results with relevant supplemental analytics. It is our goal with VeroVALUE to meet or exceed compliance standards and set the bar for industry innovation.”
Veros offers a total solution with variations of VeroVALUE designed for accuracy, default markets, portfolio needs or expert-assisted valuations; and can provide a comprehensive, finely tuned AVM cascade.
About Veros Real Estate Solutions
Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products, systems and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and the secondary markets. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation property valuation workflow and risk management platforms. Veros is headquartered in Santa Ana, Calif. For more information, visit http://www.veros.com.
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Do you want to know how to get the best deal for your car loan? Would you like to learn how to calculate the financing for your car loan? Are you interested in learning about the different options for car financing, whether you have bad credit, bankruptcy, or want to refinance your car loan? This book, Car Financing, will share all of this information with you and more. First, you will learn about how to calculate the interest rates for your loan, so you have a full understanding of what you wil
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This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of t
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The world’s #1 fixed income book, now with 21 all-new chapters The Handbook of Fixed Income Securities occupies the top spot as the most authoritative, widely read reference in the global fixed income marketplace. First published in 1983, this comprehensive survey of current knowledge features contributions from leading academics and practitioners and has carved out a niche that cannot and will not be equaled by any other single sourcebook. Now, the thorough
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