7/1 ARM

I Own a Home in New Jersey and Want to Refinance With the Lowest Possible Payment

Would we agree everybody wants the lowest payment and the lowest interest rate?  I’ve never had a borrower tell me they want the highest rate possible.  Really, I haven’t. How can I lower my payment the most?  I get the question a lot.  Most borrowers who close their loan could have gotten a lower monthly [...]

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Do You Want to Take Advantage of Low Rates, But Will Be Moving in 4 to 7 Years?

Most borrowers have always been accustomed to getting 30-year fixed mortgage loans. Even when not practical, many still want the 30-year fixed rate. But for anyone moving/selling within 4 to 7 years, some thought should be given to a more short-term mortgage such as the 5/1 ARM or the 7/1 ARM. What is the 5/1 [...]

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