Interest Rates

Are ARMs (Adjustable Rate Mortgages) Worth The Risk? A Look At The Numbers

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Are ARMs (adjustable-rate mortgages) worth the risk? First, let’s take a look at how ARMs work. Then, we’ll take a look at the numbers. What is an ARM (adjustable-rate mortgage)? I’ll go over what I consider the important things to know about ARMs. If you want all the details, here’s a great resource. With an … Read more

Is This Interest Rate Meme Really True? Let’s Do A Quick Analysis

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This meme about interest rates has been circulating around social media, at least among my real estate contacts. Don’t believe everything you see on the internet. Let’s do some analysis and see if there’s any truth to this meme. It suggests that paying a 7% interest rate at $30k under list price is better than … Read more