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Author Question: While interest rates have been historically low for the past 8 years, rates are expected to begin to ... (Read 62 times)

segrsyd

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While interest rates have been historically low for the past 8 years, rates are expected to begin to increase over the coming couple of years. Given the interest rate environment, which type of mortgage would be best for your new home?


◦ Variable rate interest only mortgage since the payments would be the lowest
◦ A 5 year adjustable ARM
◦ A 30 year conventional fixed rate mortgage
◦ A one year adjustable ARM with a 6% cap


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Marked as best answer by segrsyd on Apr 14, 2019

braelync

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