Getting a mortgage at 1% less than a conventional approach might seem like a great idea, but beware the future of interest rates if you expect to be in the house more than 3 to 5 years. If your income is rising and home values start rising again, then that 1% can look pretty good. But if the home price stays the same, or decreases; and your income stays the same or decreases; and mortgage rates begin to climb: watch out!
ARM or Diss-ARM on my BestHomePro blog.
BestHomePro is just launching its MarketPlace. Direct-to-consumer search services, a promise not to share their contact information until they want to find a REALTOR. IDX and MarketPlace Free to REALTORS until they make offers and the client chooses them.
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