A traditional adjustable rate loan can be riskier than a fixed rate, yet, it can also provide a very
tangible benefit for those that don't expect to have their home or their loan past the initial fixed
period of today's most popular "hybrid" ARM loans. These loans have rates that are fixed and
locked in for the first 3,5,7 or even 10 years and these periods very often exceed the average
time between refinancing or sale.
A fixed rate loan is a great insurance policy against future uncertainty, yet, like all insurance it
comes with a premium attached. If you think you may sell or refi within the first 3-7 years or more,
a hybrid ARM may be just the thing you need to maximize your savings or help to get you started
on other financial goals like saving for retirement or college educations.
Either way, it pays to consider all options if for no other reason than to be sure you've made the
right choice and I'm always here to provide both the tools and the expertise needed to help you
come to the right conclusion for your particular goals and needs.