Is Now A Bad Time To Get An ARM Loan?
When looking at different mortgages, an ARM loan can be very appealing at first sight. Arm loans, as previously discussed, offer teaser rates in the beginning which usually reset after a few years. This teaser rate often gives individuals a false sense of security in what they can and can’t afford. You [...]
Basic Home Mortgage Products Explained
There are two basic types of home mortgages, adjustable and fixed. Most people know the acronym for adjustable mortgages, ARM (adjustable rate mortgage). While there are other mortgage products, these two are the major two types that most everyone uses when buying a home.
ARMs
Like the name suggests, the interest rate on this [...]