http://www.esavemortgage.com/2686/why-nows-a-good-time-to-consider-an-adjustable-rate-mortgage Expert Advice, Great Low Mortgage Rates Sun, 03 Jul 2011 17:36:09 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.esavemortgage.com/2686/why-nows-a-good-time-to-consider-an-adjustable-rate-mortgage/comment-page-1#comment-861 Dubuque Real Estate | Dubuque Homes for Sale | Best of Real Estate Blogs | Rob Cook Tue, 01 Sep 2009 06:18:58 +0000 #comment-861 [...] eSave Mortgage posts that since adjustable rates are back to well better than fixed rate mortgages, you may be able to save once again, but only if you’re prepared for the risks involved in an adjustable rate mortgage… [...] [...] eSave Mortgage posts that since adjustable rates are back to well better than fixed rate mortgages, you may be able to save once again, but only if you’re prepared for the risks involved in an adjustable rate mortgage… [...]

]]> http://www.esavemortgage.com/2686/why-nows-a-good-time-to-consider-an-adjustable-rate-mortgage/comment-page-1#comment-556 Chris Tue, 11 Aug 2009 16:49:37 +0000 #comment-556 I completely agree. When you buy a house, you need to be realistic about your future in the property and the costs associated with it. I recently bought my first house using a 5/1 conforming ARM. I know that I won't be in the house longer than 5-7 years, and even if it adjusts upward to the maximum rate, I will still be able to afford it. In fact, if it does adjust to the maximum at 5 years, I will still save money with the ARM over my fixed rate option for a little over 7 years. There are so many calculators and planning tools available that you can make an educated decision with ease. The recent crisis has labeled ARMs as a wolf in sheep's clothing. However, they have been around for years and allow many homeowners the ability to save money when they have realistic expectations about their tenancy. I completely agree. When you buy a house, you need to be realistic about your future in the property and the costs associated with it. I recently bought my first house using a 5/1 conforming ARM. I know that I won’t be in the house longer than 5-7 years, and even if it adjusts upward to the maximum rate, I will still be able to afford it. In fact, if it does adjust to the maximum at 5 years, I will still save money with the ARM over my fixed rate option for a little over 7 years.
There are so many calculators and planning tools available that you can make an educated decision with ease. The recent crisis has labeled ARMs as a wolf in sheep’s clothing. However, they have been around for years and allow many homeowners the ability to save money when they have realistic expectations about their tenancy.

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