Regarding the interest rate, a fixed - rate mortgage might be best if you're planning to stay in the home for many years, while an adjustable (ARM) loan could save
you money during the first few years.
Not exact matches
I was shocked a
few years ago when,
during a tenant open house, an applicant walked up, handed me their application and an envelope that contained enough
money to cover
first month's rent.
I've been reading about how what the market does
during those
first few years is crucial to making your
money last.
Buydown When the seller, builder or buyer pays an amount of
money up front to the lender to reduce monthly payments
during the
first few years of a mortgage.
If you need to sell your home
during the
first few years of homeownership, you could lose
money given the various costs involved, such as REALTOR ® fees and possible fees for breaking a mortgage.
Buydown When the seller, builder or buyer pays an amount of
money up front to the lender to reduce monthly payments
during the
first few years of a mortgage.