Is History Repeating Itself

Dated: November 2 2015

Views: 1900

If interest rates are on the rise… 

Do you really want an adjustable rate mortgage?

According to the Federal Housing Finance Agency, one out of ten new home purchase loans in 2013 were ARMs.  They are expecting those numbers to rise to 12% in 2014.

In the past few years, most people have stuck with fixed rates and played life a little more safely.  Many of us are always looking for ways to save money though.  Buyers are looking at more and more options when they decide to buy their next home.  
It is true that options like ARMs and the newer Hybrid ARMs can initially offer a monthly savings.  What happens when the fixed rate period is over?  PLEASE ask this question of your lender if you are considering this option!  Be absolutely sure you completely understand the lender’s explanation of the answer to this question.  Keep asking questions!
Don’t ever forget the A in ARM stands for adjustable.  

Image titleImages/0b8a079fadf3c7efb920658b8d0b31ee670cbabb.jpg" width="122" title="Image title">


#GreatHomesGroup

Want to Advertise on this Site?

Latest Blog Posts

NEW LISTING AT 792 E MICHIGAN ST UNIT 9 ORLANDO

Located in the BEAUTIFUL lakefront community of La Costa Brava this ground floor condo has it all! This unit has been gorgeously maintained and has a warm, welcoming interior. Enter and you’re

Read More

NEW LISTING AT 32135 TIMBERLAKE DRIVE MOUNT DORA

FIVE ACRES IN MOUNT DORA! Situated in a peaceful neighborhood, if you’re looking for a spot where you can enjoy the great outdoors, you’ve found it! Build your dream home here or update the

Read More

NEW LISTING AT 610 ANHINGA ROAD WINTER SPRINGS

Lush landscaping provides incredible curb appeal and welcomes you to this beautiful Winter Springs home! Upon entering you’ll find a fantastic living room/dining floor plan featuring soaring

Read More

NEW LISTING AT 428 EAST ORANGE AVENUE EUSTIS

BRAND NEW ROOF! Historical charm and modern updates come together in this amazing two-story Eustis home! Situated on a large corner lot, where a short walk takes you to downtown as well as Lake

Read More