J Perrin Cornell
Coldwell Banker Cascade Real Estate - Wenatchee, WA
Broker, ABR, VAMRES

Pretty much agree... adjustable mortgages can be a real benefit... but the index and caps and term are important!

Apr 24, 2015 03:32 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jim - You are right, adjustable rate mortgages can help more buyers to buy homes.

Apr 24, 2015 06:29 AM
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

I know what you mean, but I've had clients who think they will be more mobile and they end up staying put for many years. The ARMs are not always a good bet if you stay put and rates rise. 

Apr 27, 2015 02:33 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Dana Hollish Hill I agree that these types of mortgages are not for everyone.  But when used correctly, they can save a buyer thousands of dollars along the way.

May 22, 2015 07:00 AM