Josh Is Trying To Buy A House

Josh wanted to buy a house but interest rates are high.  Therefore, he can not afford a traditional fixed rate mortgage.

He Was Told About An ARM

His lender gave him the option of using an Adjustable Rate Mortgage (ARM).  He had heard bad things about them so he was tentative on using one. However...

Josh Did His Research

Josh learned that certain ARMs were good for various purposes and if they were used correctly then they could be great.

His Goals

Josh planned on living in the condo for 5 - 7 years.  Then he wanted to move and buy another house.  Since he had a short-term goal using an ARM could benefit him.

What Josh Decided

Josh decided to use a 10/1 adjustable rate mortgage to buy his condo.His words of advice, make sure you do your homework and have a goal before using one.

Swipe up to learn more about adjustable rate mortgages and see if they are right for you.