4 ms·
Between 2009 and 2021 ( low and decreasing interest rate regimes) ARM 3,5 or 7 year were a better choice to fixed rate mortgages. ARMs are not a bad choice if
by senthil_rajasek 4y ago
Between 2009 and 2021 ( low and decreasing interest rate regimes) ARM 3,5 or 7 year were a better choice to fixed rate mortgages.
ARMs are not a bad choice if you know what you are doing.
It is also a great choice if you are not planning to stay at a place for all your life.
- InTheArena 4y agoBut 2007/2008 drove a number of people w/ these mortgages into bankruptcy. It's a risk thing.
- senthil_rajasek 4y agoThe 2007 housing crisis was primarily a subprime mortgage crisis. ARMs are not the devil just as CDOs aren't the villain.