With interest rates being the highest they have been in many years, Adjustable Rate Mortgages, or ARMs, are becoming more popular. There is a lot of stigma around ARMs due to the housing crash in 2008.
In this episode, we are going to address some common concerns with ARMs and explain how they can be great resources for the right borrower. Listen to learn if an Adjustable Rate Mortgage could be right for you.
Listen to this week’s show to learn more about:
- How the current 7% interest rate has increased the use of Adjustable Rate Mortgages. (2:19)
- How ARMs were a part of the problem in 2008. (4:30)
- What factors play into whether an ARM is recommended for a home buyer? (6:44)
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If you have questions about the mortgage process of buying a home or the ins and outs of refinancing, take advantage of our complimentary 15 minute mortgage consultation.
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