Is an Adjustable Rate Mortgage Smart? In this article, we will take a closer look at VA ARMs and hopefully help you decide if an adjustable-rate mortgage is right for you. Everybody loves the 30-year fixed mortgage. The history of the 30-year goes back to the Great Depression and it...
When looking at various ARM loans, you might have seen ratios like 3/1, 5/1, 7/1, and 10/1. Confused? The numbers are actually quite simple. The type of loan we’re talking about here is a hybrid VA 5-1 arm loan. That means the first portion of the loan is set at...
Is the VA 3-1 ARM loan the right choice for you? You might already know the difference between various types of ARM and hybrid loans. You know that the ratios of an ARM indicate when rates adjust and for how long they stay fixed (like how a 5-1 ARM will...