Watch Your A.R.M.s
- Should You Get an Adjustable Rate Mortgage?
- Indbinding:
- Paperback
- Sideantal:
- 64
- Udgivet:
- 2. november 2022
- Størrelse:
- 152x229x4 mm.
- Vægt:
- 132 g.
- 2-3 uger.
- 2. december 2024
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Ingen binding og kan opsiges når som helst.
- 1 valgfrit digitalt ugeblad
- 20 timers lytning og læsning
- Adgang til 70.000+ titler
- Ingen binding
Abonnementet koster 75 kr./md.
Ingen binding og kan opsiges når som helst.
Beskrivelse af Watch Your A.R.M.s
Adjustable Rate Mortgages get a bad reputation in the investing community. But do they desire all the hate and discontent?
Yes, yes, they do. For 97% of homebuyers, ARMs are a lousy solution to any problem. They create far more pain than they prevent.
Once the "teaser" rate on an ARM expires, the loan can adjust the interest rate every year. And in some cases, every six months.
Can you imagine your mortgage interest payment shifting every year? It is chaos. In some situations, when investors have cash upfront, an ARM can prove valuable.
However, for the average homebuyer (including myself), ARMs are terrible nightmares waiitng to unfold. Stay away and find a different route. Good Luck!
Yes, yes, they do. For 97% of homebuyers, ARMs are a lousy solution to any problem. They create far more pain than they prevent.
Once the "teaser" rate on an ARM expires, the loan can adjust the interest rate every year. And in some cases, every six months.
Can you imagine your mortgage interest payment shifting every year? It is chaos. In some situations, when investors have cash upfront, an ARM can prove valuable.
However, for the average homebuyer (including myself), ARMs are terrible nightmares waiitng to unfold. Stay away and find a different route. Good Luck!
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