Premier Mortgage Funding

read moreTracking all ARM indexes available today, Mortgage-X has earned a reputation as the best source for current and historical mortgage index information. Our unique ARM index forecasts, comparison charts and historical graphs are equally appreciated by borrowers, mortgage professionals and publishers of financial information. Our 'Ask a Mortgage Question' service connects consumers to a network of over 1,000 mortgage experts, and the Mortgage-X Forum, launched in 2005, is becoming more and more popular, with hundreds of mortgage related topics currently being discussed.

read moreBy making additional monthly payments you will be able to repay your loan much more quickly. Find out how your monthly, yearly, or one-time pre-payments influence the loan term and the interest paid over the life of loan. Make additional 1/12 of monthly payments (a popular 'do-it-yourself' biweekly) or an additional monthly payment once a year. Allows you to create a complete option ARM loan amortization table (with standard and neg-am recasts, automatically estimated possible future index changes, various fixed payment periods, interest rate rounding to the nearest 1/8 of one percentage, and more).

read moreARMs which have an initial fixed period -- 30/3/1, 30/5/1, 30/7/1 and 30/10/1 -- can have also first adjustment cap. It limits the interest rate you will pay the first time your rate is adjusted. These ARMs are quoted as three numbers as in 5/2/5 which would mean that the first adjustment cap is 5%, adjustment cap thereafter is 2%, and the lifetime cap is 5%. Two-Step loans -- 5/25 and 7/23 -- have only one adjustment after the first five or seven years of its term. They are quoted with a single first adjustment cap.