The mortgage industry is constantly changing, evolving, adapting and adjusting. Not only the interest rates, but the programs and opportunities as well. One of the more difficult decisions some buyers face, is whether to take the traditional financing route of a lower risk fixed loan – or to head down the path of a less conservative adjustable rate mortgage (ARM). How do you determine which program is the best option for you? The best first step to take is to educate yourself – research the various loan programs that are available to you. Find out what your credit score is, and how that can impact your financing options. Ask yourself what your future plan is, with regards to housing – how long do you plan to live in the residence that you are financing? And speak with a loan officer. Someone who can interpret the programs, and explain them so that you have no doubt, misunderstanding, or confusion about which is the best loan for you to secure.
ARM – let’s hope they get it right this time… http://ow.ly/uIY6t