Austin-based mortgage lender expands national coverage and reverse mortgage capabilities with the addition of 50 new employees AUSTIN, Texas, June 4. principal agent and closed loan seller mortgage.
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Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.
In addition to making a recent major acquisition and by adding several former executives from the recently-shuttered Live Well Financial, Austin, Texas-based Open Mortgage is a company. and.
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