Mortgages Made Simple with Rick Gundzik

Sunday, June 3, 2007
Hybrid Option ARMS - What are they? - June 3, 2007
Mortgages Made Simple logoHere is the second podcast of the new series. Join me, Rick Gundzik, as I discuss this week's topic, Hybrid Option ARM loans, What are they and how do they work? Is negative amortization bad? What is negative amortization? Is this a good loan for me?

We also discuss prepayment penalties and how they work.




Show Notes: Secure Option Arm, Flex Pay ARM, Hybrid Option ARM - These terms all refer to a negative amortizing adjustable rate loan. In other words, you can possibly owe more on your home loan then when you first got your loan.

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