We purchased right before ar the beginning of the rate increases. A 10 year ARM. Hoping the rates stabilize by that 10 year mark or things might get expensive for a few years.
Because your realtor and your lender–professional salespeople who stand to make much profit off you–make it sound like a really good idea. Unfortunately, people don’t do a lot of their own research and instead think that their chatty, bubbly realtor is their friend that gives good advice.
We purchased right before ar the beginning of the rate increases. A 10 year ARM. Hoping the rates stabilize by that 10 year mark or things might get expensive for a few years.
Why anyone would ever do an arm is beyond me.
Because your realtor and your lender–professional salespeople who stand to make much profit off you–make it sound like a really good idea. Unfortunately, people don’t do a lot of their own research and instead think that their chatty, bubbly realtor is their friend that gives good advice.
Yep! I argued the math with a realtor who continued to regurgitate the same bullets over and over again.
I honestly see realtors are car salesmen for houses.
You can fool some of the ppl all of the time I guess.
If I’m going to pay off the loan before the adjustable rate either way, I might as well get the plan with the lowest rate.
Purchased at like 4.1% but absolutely refused an ARM. We have a fixed rate and absolutely nothing would ever make me get an ARM.