Some articles on hybrid, payments, payment, payment option, hybrid payment option:
... There are also Hybrid ARM loans in which there is a period of fixed payments for months or years, followed by an increased change cycle, such as six ... The graduated payment mortgage is a "fixed rate" NegAm loan, but since the payment increases over time, it has aspects of the ARM loan until amortizing payments are ... most notable differences between the traditional payment option ARM and the hybrid payment option ARM are in the start rate, also known as the "minimum payment" rate ...
Famous quotes containing the words option and/or payment:
“Our passional nature not only lawfully may, but must, decide an option between propositions, whenever it is a genuine option that cannot by its nature be decided on intellectual grounds; for to say, under such circumstances, Do not decide, but leave the question open, is itself a passional decisionjust like deciding yes or noand is attended with the same risk of losing the truth.”
—William James (18421910)
“Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.”
—Ralph Waldo Emerson (18031882)