Podknife - Mortgage Minute - Understanding Adjustable Rate Mortgages (ARMs) by Financial Residency

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Mortgage Minute - Understanding Adjustable Rate Mortgages (ARMs)

Podcast |: Financial Residency
Publisher |: Financial Residency Network
Media Type |: audio
Podknife tags |: Business,; Careers,; Interview,; Management & Marketing,; Personal Finance,; Science & Medicine
Categories Via RSS |: Business,; Careers,; Investing
Publication Date |: Jun 25, 2024
Episode Duration |: 00:05:21

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

In this episode, Doug Crouse delves into the specifics of adjustable rate mortgages (ARMs). I'll explain what a 10/6 ARM is, how these loans are amortized over 30 years, and the importance of the margin and index in determining future rates. We'll also cover the significance of rate caps and how they protect you from drastic interest rate changes.

For more details, reach out to me at www.dougcrouse.com or www.dougcrousephysicianloans.com

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