Hybrid Loans: The Best of Both Worlds

December 8, 2009 by Rob Spring · Leave a Comment 

The best of both worlds
Today homebuyers are in a unique position to combine the benefits of a fixed rate mortgage with the savings opportunities of an adjustable rate mortgage. With a hybrid loan (also called a fixed-period ARM or hybrid ARM) you get the best of both worlds.
A hybrid loan gives you a fixed rate [...]

Mortgage Rates: Fixed vs. ARM

December 8, 2009 by Rob Spring · Leave a Comment 

What are the advantages of fixed rate versus adjustable rate loans?
With a fixed-rate loan, your monthly payment of principal and interest never change for the life of your loan. Your property taxes may go up (we almost said down, too!), and so might your homeowner’s insurance premium part of your monthly payment, but generally with [...]