When to opt for an adjustable home loan

Part 2: Choosing a mortgage

By Inman News Feed
Add Comment Add Comment | Comments: 1 | Posted Jun. 27, 2011

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671.90

693.43

 

Total FRM Cost Less Total ARM Cost Per $100,000 of Loan

7/ARM Pmt

7,158

7,158

7,158

7,158

7,158

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1. Jeremy Gilbert said... on Jul 20, 2011 at 11:32PM

“Adjustable home loans provided people with all credit grades the ability to buy homes or refinance their mortgages just a few short years ago. Adjustable home loans offered lower rates then a fixed rate loan and this helped people buy a little more house then they could afford with a fixed rate loan
”

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