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Tuesday, December 2, 2014

Did you know that the main reason that Consumers choose a ARM over a Fixed Interest Rate Loan is because the ARM Interest Rate is 1 to 2 points lower?

Did you know that a ARM Mortgage is an Adjustable Rate Mortgage?

Did you know that there are several types of ARM Mortgages?

Did you know that Set To Go Loans offers Loans Programs for people with little or no Credit on Commercial and Residential Property?

Did you know that the 2 year ARM is usually a Loan product offered to  people with average credit.

Did you know that the 5 year ARM is a Loan Product offered to people with above average credit?

Did you know that the 7 year Arm is the longest time frame offered to people with Above Average credit?

Did you know that the main reason that Consumers choose a ARM over a Fixed Interest Rate Loan is because the ARM Interest Rate is 1 to 2 points lower?

Did you know that a ARM can make adjustments monthly, every six months or yearly?

Did you know that a ARM has a Cap Rate?

Did you know that a ARM Cap Rate is set by the lending Institution that the rate can not go over 3 points of the original
rate?

Did you know that just like the ARM Rate can go up if the Prime Rate goes up, the Arm Interest Rate can also go down?

Did you know if the Lender says that you can qualify for a rate 2 over prime, then you put the prime interest rate in (4%) and you had to points 2 it and your interest rate would be 6%?

Did you know that in the U.S the Prime Interest Rate runs approximately 300 basis points (or percentage points)  above the Federal Fund Rates?

Did you know that Prime Interest Rate is the interest rate that banks charge each other for overnight loans made to fulfill reserve funding requirements?

Did you know that Set To Go Loans can answer any questions that you have about ARMS?







 Now if you didn't know, now you know...



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