LIBOR-indexed ARMs | Marimark Mortgage in Tampa, Florida

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CONFORMING fixed rate 6/10/2019 Borrowers with a usable Credit Score contribute more than 50% of the total monthly income. conforming loan amounts are eligible. A-Minus mortgages are ineligible for delivery to BB&T Correspondent Lending. Fannie Mae Desktop Underwriter (DU) Requirements for DU Approve/Eligible Mortgages:

Adjustable-Rate Mortgages Overview. More lenders and borrowers are seeking out the advantages of adjustable-rate mortgages. In many market conditions, ARM rates are often lower than fixed-rate mortgages, and for certain borrowers, ARM advantages more closely meet their needs.

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LIBOR Indexed. While Prime Rate is the most well-known rate and is somewhat market driven, LIBOR is a truer market rate and reacts to changes in the money market more quickly than does Prime. LIBOR is published daily in the Wall Street Journal and is one of the most widely accepted 30-day, cost-of-funds measures worldwide.

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NerdWallet examines what could happen to the millions of Libor ARMs when the index disappears. Libor, the index to which adjustable-rate mortgages are tied, will disappear in 2022.

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Marimark Mortgage LLC. Marimark Mortgage LLC is a mortgage brokerage in Tampa serving homebuyers and homeowners in Florida, Virginia, and Pennsylvania. The firm specializes in conventional home mortgages with fixed or adjustable interest rates, all government-backed mortgages including fha, VA, and USDA, refinancing, and reverse mortgages.

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