realestate
Real Estate

What Things Should I Consider With an Adjustable Rate Mortgage?

Sun Apr 27, 2008 12:52 pm
<<     >>
Comments: 0 Views: 95

Here are some things to consider with an adjustable rate mortgage:

Will a buyers income increase enough to cover higher payments?

How long will we be in the home?

How often will the interest rate be adjusted, yearly, every three years, five years?

Have Caps been placed on the adjustments?

Is the adjustable rate loan convertible?

If so, is there a cost to convert?

Is there a prepayment penalty?



Comments
Name:
*
URL: http: (ex. cnn.com)
Comment:
*
Number:
Math (15 + 3)
* required

© 2019 Christonium LLC

Christonium.com
|
Terms of Use
|
Privacy
ccc