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re: Talk me out of a 7 Year - Adjustable Rate Mortgage loan
Posted on 2/10/16 at 3:29 pm to CE Tiger
Posted on 2/10/16 at 3:29 pm to CE Tiger
What are the annual and life caps on changes in the interest rate? Interest rates will inevitably go up, although it may not be by much, it is something you should consider with an ARM.
1
Posted on 2/10/16 at 3:31 pm to yellowhammer2098
quote:
What are the annual and life caps on changes in the interest rate? I
5% but i plan on selling the home before the 8th year hits and those go into play
This post was edited on 2/10/16 at 3:32 pm
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