2 Situations When An Adjustable Rate Mortgage Would Be A Great Option


When you begin looking at mortgage loans, you may notice that adjustable rate mortgages (ARMs) have lower interest rates than fixed rate mortgages. This is primarily because ARMs are riskier than fixed-rate mortgages, but there are two good situations in which getting an ARM might be a better option for you than a loan with a fixed rate. When you plan on moving before the rate would change The first situation when an ARM might be a great option is if you plan on living in the house for a short period of time.

4 July 2016