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psychology520
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RE: Thinking about adjustable-rate mortgages - smart move or ticking time bomb?
Solid advice there, especially the part about crunching worst-case numbers. I'd just add - make sure you're clear on your long-term goals. ARMs can be a solid tool if you're planning to sell or refinance before rates adj...
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RE: Thinking about adjustable-rate mortgages - smart move or ticking time bomb?
Exactly this. Had a buyer lined up last year who was confident he'd refinance his ARM easily, but when lending tightened unexpectedly, the deal fell apart. Predictability definitely has its perks...
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RE: Locked in My Mortgage Rate at the Perfect Time
Totally get your point about balance, but I'd argue the avocado analogy applies just as much to timing mortgage rates. A few years back, I obsessed over market trends and rate forecasts - ended up locking in at what felt...