5-1 ARM Home Loan

Do Select a 5-1 ARM When:

    • an ARM if you will be in your property for a limited time
    • an ARM to get the benefit of a lower payment
    • an ARM for a low start rate if you can invest your funds
    • an ARM and get a lower rate if you have an early payoff plan
    • an ARM in a falling interest-rate environment

Don’t Select a 5-1 ARM When:

  • do an ARM if you are going to be in the property long term
  • do an ARM if you can only qualify at the low start rate
  • do an ARM if you don’t understand all parameters
  • do an ARM if you need to roll in closing costs into the rate
  • do an ARM with plans to refinance