If you’re looking to buy or refinance, add the 7-year ARM to your list of options to consider. A 7-year ARM means you’ll have a longer low-rate period before adjustment, giving a 2-year advantage over the 5-year ARM.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: Mortgage Rate Caps
Refinancing Into an ARM Mortgage
With the low mortgage rates available for awhile longer, homeowners are rushing to refinance. But while most people automatically pick the traditional 30-year fixed mortgage, the adjustable rate mortgage should also be considered before making the final decision.
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