Mortgage Rates

Risks of ARM Financial loans | BeatTheBush





If you are going to get an ARM (Adjustable Level Property finance loan) bank loan, you much better know the hazards and dangers involved. .

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5 comments

  1. HI Beat The Bush… Can you do a video on HELOC loans, the benefits and what to look out for.  And if you know of a good company with a good starting rate and margn / spread.

    Thank you,

    Reply
  2. I totally agree with you on this. There is no way the average interest rate will be going down enough, if at all, to justify the risk at this time. I would have loved he option back in the early 1980s when the interest rates were astronomical. (If you remember from a previous conversation we had, the interest rate was climbing rapidly and was at 17.5% the week that I closed on my first house.) It was safe to assume that the rates would have go back down eventually, but that assumption just can't be made right now. The rates are still low enough right now that I would just be happy with what I got, rather than risking a problem in the future. Good topic and good advice.

    Reply
  3. Thanks for the info..

    Reply
  4. With the ARM fixed term finishes can you not move providers ? in that UK we can't get a 30 year fixed rate mortgage the longest is about 10 years.

    Reply
  5. beatthebush you should take a look at hydroponics, you would be able to grow a lot of what you eat at home for a very significant discount.

    Reply

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