Martin Lukac asked:


In order to understand, loans and mortgages mà ¼ ssen we understand, loan borders first. If its loan amount the amount, below, you become fà ¼ r jumbo jet loans, fà ¼ hrt höheren interest rate. & lt; br/& gt; One family (single family house Heimaten) $ 417,000 & lt; br/& gt; Two - Family (duplex) $ 533,850 & lt; br/& gt; Three-family (Triplex) $ 645,300 & lt; br/& gt; Four-family (fourplex) $ 801,950 & lt; br/& gt; FIXED loan: & lt; br/& gt; & lt; br/& gt; 30 years Fixed mortgage interests & lt; br/& gt; This loan program becomes fà ¼ r 30 years. Their interest rate ändern does not become for 30 years. This is ideally fà ¼ r of people, which plan, itself at its present characteristic fà ¼ r a long period. & lt; br/& gt; 20 years Fixed mortgage interests & lt; br/& gt; Fixed network fà ¼ r 20 years. Their payment is determined more höher to be than 30 years, there its loan loan term is only fà ¼ r 20 years. Interest rate ändert itself not fà ¼ r 20 years. & lt; br/& gt; 15 year Fixed mortgage interests & lt; br/& gt; 15 years determined loans a loan running time of 15 years has and becomes not ändern während this period. Their monthly payment on this loan program is determined very many more höher than 20 years firm or 30 years. If you use these loans program, if you plan, sell your house in 5-8 years. Interest rate ändert itself not fà ¼ r 15 years. & lt; br/& gt; POOR (Adjustable rate Mortgage) & lt; br/& gt; Arm loans become fà ¼ r a certain period, if after this period arm loan becomes adjustable a loan. How do they function? & lt; br/& gt; Each ARM Loan Program has these options: & lt; br/& gt; 1) index: comon most index LIBOR & lt; br/& gt; 2) Margin: Is in, you from your creditor, and it is the difference between the index and the interest debited to the applicants for the credit & lt; br/& gt; For example 5/1 ARM. This loan will fà ¼ r 5 after year in the 6th year becomes it adjustable loans. Its Loan Officer will say to you, what your index is and which your margin is. Usually 5/1 arm is with 1-Jahres-Treasury-und index margin lies with approximately 2.00% -3.00% & lt; br/& gt; Their index + margin = full index computes. Its new note rate (interest rate) after the 5th year. & lt; br/& gt; What is with the 6th year? Which wäre of your payment become? & lt; br/& gt; We assume that their Loan Officer said to you that its margin 2.5% with 1 year Treasury index. They mà ¼ ssen themselves until 1 year Treasury index fà ¼ r a certain month. & lt; br/& gt; 1 year Treasury starting from Oct.2005 is 4.18, and you know that your margin is with 2,5%. From there you new interest rate beträgt 1 year Treasury 4.18% (index) + 2.5% (margin) = 6.68% fà ¼ r the beginning the 6th year. & lt; br/& gt; - Index rate draw are on monthly basis, thereby your payment May flunctuate each month. In most Fällen banks of wills end you a Erklärung advise you that your course becomes ändern. & lt; br/& gt; 3) to the protection of the consumers from high index Sätze, some creditor CAPS. & lt; br/& gt; An example of this is 2/6 Mà upward or down, over no more ¼ a TZE, with that the interest rate fà ¼ r its ARM loan to go than two per cent of each adjustment period and has an upper limit of six per cent fà ¼ r cumulative ändert. Therefore 2/6 a cap on a 5% ARM in this case does not become can a Höchstsatz (6 + 5%) of any more than 11%. & lt; br/& gt; In some Fällen you will see, 2/2/6, the means 2% adjustment with 2 years pre-payment punishment and altogether six per cent of the à cumulated „ will nderungen. & lt; br/& gt; 4) with an arm you können either a firm interest rate or können you wählen an interest only structure loan. & lt; br/& gt; & lt; br/& gt; 1/1 arm mortgage prices & lt; br/& gt; 1 year ARM (Adjustable rate Mortgage) will fà ¼ g 1 year and in the 2nd year becomes it adjustable. & lt; br/& gt; 3/1 arm mortgage prices & lt; br/& gt; 3 years ARM (Adjustable rate Mortgage) will fà ¼ r 3 years and in the 4th year becomes it adjustable. & lt; br/& gt; 5/1 arm mortgage prices & lt; br/& gt; 5 years ARM (Adjustable rate Mortgage) will fà ¼ r 5 years and in the 6th year becomes it adjustable. & lt; br/& gt; 7/1 arm mortgage prices & lt; br/& gt; & lt; br/& gt; 7 years ARM (Adjustable rate Mortgage) will fà ¼ r 7 years and in the 8th year becomes it adjustable. & lt; br/& gt; 10/1 arm mortgage prices & lt; br/& gt; 10 years ARM (adjustable rate Mortgage) fà ¼ r becomes 10 years and in the 11. Year becomes it adjustable. & lt; br/& gt; Interest only loan & lt; br/& gt; For example, if a 30-Jahres-Festzins-Darlehen is in Höhe from 100,000 dollar to 8,5% only interest, the payment is .085/12 time 100,000 dollar, or $ 708,34. This is an example of interest only the payment. & lt; br/& gt; Each payment loan consists of Zins-und Principal. Here will it the payment an interest each month and your most important becomes the Hinzufà ¼ towards to your equilibrium, whereby it. They können also both pay capital and interest. & lt; br/& gt; If a creditor offers to you a loan only interest of these loans is to an index such as ARM loan. & lt; br/& gt; MTA index: The MTA index varies generally somewhat more than the COFI, although its movements pursue each other very closely. & lt; br/& gt;. 1 month MTA ARM Mortgage of prices & lt; br/& gt;. 3-Monats-MTA ARM Mortgage of prices & lt; br/& gt;. 6 months MTA ARM Mortgage of prices & lt; br/& gt;. 12 months MTA ARM Mortgage of prices & lt; br/& gt; COFI index: This index rises (and autumn) more slowly than prices generally, and that is well fà ¼ r you, if prices rise, but not well fà ¼ r you, if prices are understood in falling. & lt; br/& gt;. 1 month COFI ARM Mortgage of prices & lt; br/& gt;. 3 months COFI ARM Mortgage of prices & lt; br/& gt; LIBOR index: LIBOR is an international index, follows the condition of the world economy. It ermöglicht international investors, around its costs fà ¼ r the granting of credit to their costs of funds. The LIBOR compares earliest on the CMT index and is openly fà ¼ r fast and broad fluctuations as the COFI. & lt; br/& gt;. 6 month LIBOR ARM Mortgage of prices & lt; br/& gt;. 12 month LIBOR ARM Mortgage of prices & lt; br/& gt; Pay option ARM Loan & lt; br/& gt; Pay option ARM into a new loan program ermöglicht customer the choice out up to 4 different payments. This loan program is part ARM, but with more Flexibilität, around of the 4-Zahlungen. & lt; br/& gt; Start your first rate varied from 1,000% on somewhere around 4.000%. ursprà ¼ the ngliche start becomes instead of only fà ¼ r one month, after this interest rate à „ nderungen monthly. & lt; br/& gt; 4 groà Ÿ EN of choises are: & lt; br/& gt; 1) minimum Gebà ¼ HR: Fot the first 12 months interest is computed, computed with that beginning sentence after this interest rate jährlich. & lt; br/& gt; Example: & lt; br/& gt; Amount of credit: 200.000, 00 dollar & lt; br/& gt; Initially rate: 1.25% & lt; br/& gt; Index: 3,326 (MTA starting from October 2005) & lt; br/& gt; Margin: 2.75% & lt; br/& gt; Payment Cap: 7.5% & lt; br/& gt; & lt; br/& gt; Vollständig indicates rate: 6.076% (ndex + margin) & lt; br/& gt; Minimum deposit à „ nderungen: & lt; br/& gt; Year 1 $ 666.50 minimum deposit & lt; br/& gt; Year 2 $ 716.49 = $ 666.50 + 7.50% & lt; br/& gt; Year 3 $ 770.22 = $ 716.49 + 7.50% &am
p; lt; br/& gt; Year 4 $ 827.99 = $ 770.22 + 7.50% & lt; br/& gt; Year 5 $ 890.09 = $ 827.99 + 7.50% & lt; br/& gt; The option ARM& #39; s 7.5% payment Cap borders, like much the payment can be vergrössert or made smaller each year, it is, fà ¼ r everyone fà ¼ nften yearly (beginning in the 10th year on certain programs), if the Mà ¼ TZE not applicably. Fà ¼ r the case, its account balance à ¼ more ber their ursprà ¼ nglichen amount of credit of 125% (110% in NY), the payment amount May ändern more häufiger without Rà ¼ cksicht on the payment Cap. & lt; br/& gt; There it the payment & quot; Minimum amount of the Zahlung& quot; this option will einräumen, a payment in Höhe of an interest, becomes in your balance. & lt; br/& gt; Minimum deposit adjustment period: The minimum amount of the payment is on 12 months, it is, negative writings-off limits is reached usually. & lt; br/& gt; & lt; br/& gt; Minimum deposit Cap: This is a border, as much the minimum amount of the payment ändern können. Its payment GAP becomes 7.5% fà ¼ r the first fà ¼ nf years. During your nächsten payment fällig, your minimum amount of the payment does not know increse or Rà ¼ ckgang more than 7.5%. If this the case is as a loan is revised version. & lt; br/& gt; Revised version (revised version) or vine calculation of your loan is a way of the delimitation of the negative writings-off (NEG are). Option ARM of the revised version every 5 years. If the loan revised version, which obligates payment, in its entirety erase the loan à ¼ the remaining term becomes more ber the new minimum amount of the payment & lt; br/& gt; 2) interest only payment: With interest only you avoid deffered interest, becausue you pay capital and interest. If you pay only interest or Principal of its loan equilibrium becomes erhöhen, because her hinzufà ¼ towards either most important payment or an interest payment to its loan equilibrium, so that toward Neg to the loan. & lt; br/& gt; Their payment May of change up

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