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7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They?
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7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They?
Lately, I’ve been highlighting loan programs beyond the 30-year fixed now that interest rates on fixed-rate mortgages are no longer favorable. Today, we’ll compare two popular loan programs, the 30-year fixed versus the 7-year ARM. Everyone is familiar with the traditional 30-year fixed – it’s a home loan with a 30-year term and an interest… Read More »7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They? The post 7/1 AR…
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