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Juliepop
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Post subject: Adjustable Rate Mortgages  Posted: Sun Sep 30, 2007 10:18 pm |
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Posts: 8
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Is it better to receive an adjustable rate mortgage or a fixed mortgage? What influences the rate in an adjustable mortgage?
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Tony
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Post subject: Need to know what your doing Posted: Tue Oct 02, 2007 1:55 am |
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Posts: 4
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One or the other is great depending on your specific situation. It's hard to say without know what you are trying to do. Give me a call and I can let you know what your best option is. Thanks.
Tony Lacy
California Real Estate and Loans
916-363-5229
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Heather
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Post subject: Posted: Wed Oct 03, 2007 7:23 pm |
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Posts: 89
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Juliepop,
Tony is right. It really depends on how long you plan to live in the home or whether this is a long or short term investment. I try to stick with fixed rate loans for properties I intend to hold on to for 10 years or more. I have used adjustable rate loans but always with the longest fixed term, such as a 5 or 7 years.
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