what is a 21 buydown: Waiving ARMs? Think Twice
- 11/07/22 10:07 AM
If you're shopping for DC real estate in the current market and dismissed the idea of discounted mortgage loans, maybe think again. 🤔 Programs like the 5/1 ARM can offer rates a full percentage point or more below 30 year fixed rates, lowering your monthly payments while increasing your purchasing power. And that addresses two major challenges for DC home buyers right now: soaring mortgage interest rates, and tougher loan restrictions. We tell you the why's and how's here: https://realestateinthedistrict.com/dont-waive-your-arms/ For a quick take, listen to our audio clip (2 comments)