Sandy Straley
Rindlesbach Homes

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Should You Get An ARM?

Should You Get An ARM? With all the jargon and options out there, it’s no wonder first-time home buyers’ heads spin. Even seasoned veterans have a hard time keeping up with all the different ways to get into four walls and a roof. One of the most popular ways, it seems, is the Adjustable Rate Mortgage (ARM) because the initial interest rates and closing costs are typically lower than fixed-rate loans. Let’s look at the pros and cons to ARMS and the different options available within this category of home loan. What is the major difference between a fixed rate loan and an adjustable rate loan? It’s where the risk falls. The lender assumes the greater risk with a fixed rate mortgage …
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Sandy Straley

Rindlesbach Homes