A few years ago I bought my first home - a condo. Thankfully I bought at a time when the market was great (2012). Anyway, I received a notice in the mail from First Direct Lending and thought I would give it a whirl as the mail said it could save me money. Enter my Loan Consultant! He was wonderful! He held my hand through the entire process and made what could be a very long and confusing process a piece of cake! So easy in fact that I decided to work with him and his team a second time! This time I got the pleasure of working his new team! They are just as wonderful. I serioulsy will take them all for drinks next time I am in their area. Work with First Direct Lending, you will not regret it!
An ARM offers a lower interest rate than other mortgage options available on the current market. When you take out your loan, the lower rate will be fixed for a pre-determined period of time. At the end of that time, the interest rate may go up or down, which means your payments may also increase or decrease for the remainder of the loan term.
- Do you prefer to significantly reduce the monthly cost of your mortgage?
- Is it likely you’ll move or refinance in the next 5, 7, or 10 years?
- Are you rate focused and want the absolute lowest available?
- Are you comfortable with knowing that your monthly payment may fluctuate?
If you answered YES to these questions, an Adjustable Rate Mortgage may be right for you.