TUESDAY MORTGAGE TIP - Adjustable Rate Mortgage
Does it make sense to lock in today’s low interest rates, or is an ARM still the best option? Right now, interest rates are at historic lows, making it tempting to lock-in a long-term rate.
Depending on how long you plan to stay in the home you're refinancing or purchasing, securing a 30-year fixed-rate loan may make sense. However, many of my clients are opting for an Adjustable Rate Mortgage (ARM), which can save you money in the short term, if you plan – like so many homeowners do – to move or refinance well below the 30-year mark.
Contact me today for a confidential conversation about your loan needs, and to determine the best option for you. I can be reached via phone at 714.504.9730. I look forward to working with you!