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  • Paul Barranco

Adjustable Rate Mortgages (ARMs) Aren’t What They Used To Be

Today’s adjustable-rate mortgages are a lot different than they were in the past. And they may be the best choice for your purchase or refinance.

ARMs are smarter. Here’s why:

  • Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate?

  • With an ARM, more of your payment goes toward the principal, so you pay down your mortgage faster.

  • ARMs are safer

  • ARMs no longer feature pre-payment penalties, so you can easily refinance.

  • You’ll never have to worry about a big balloon payment.

  • ARMs can save you money

  • A lower rate means a lower payment, which means more cash in your pocket each month.

Let’s Talk About Your ARM Options.

Contact the team at 1st Phase Mortgage today!

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