The KCM Blog

Tuesday, January 19, 2010

The Long “Option ARMs” of the Loan

January 19, 2010

When the housing market was going strong between 2004 and 2006, many buyers were purchasing houses they were not able to afford with conventional financing. That created a need for less conventional mortgage products known as option ARMs (adjustable rate mortgages). These mortgages allowed a buyer to either pay less of an interest rate during the [...]

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