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Nesgroup address: misc.consumers.house - Date & Time for the message: Fri, 08 Apr 2005 13:46:00 GMT
/ Author of the message: Chris Hill |
Title of the message: |
Re: Option ARM Basic Description:
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Text of the message: |
On 7 Apr 2005 07:56:33 -0700, "OptionARMpopeye" <support@mortgageseeker.biz> wrote: >OPTION ARM > >Option ARM Basic Description: > >The Option ARM or Option Adjustable Rate Mortgage is a new innovation >in the mortgage marketplace that may very well replace the standard >fixed rate or adjustable rate mortgage as the frontrunner for mortgage >seekers. > >Very basically the way an Option ARM works is that you have an >extremely low interest rate for the first 12 to 36 months of the >mortgage. You pay that interest plus the loan amortizes at the 30 year >rate during the Low Rate or Intro period. Many home owners can cut >their mortgage payment in half during this period. After the intro >period expires, no worry, you will generally have a margin from (2.5 >-3.75%) over your Index. Indices are usually in the (1.85 - 3.75%) >range occasionally they may jump to as high as 6%. So your effective |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.