Alternative Programs – Adding Value: ARMs Gain in Popularity

By chrisking • April 27th, 2011

Adjustable rate mortgages (ARMs) are gaining popularity because of their incredibly low initial interest rates.  In her New York Times article “More Borrowers Are Opting for Adjustable-Rate Mortgages,” Lynnley Browning notes that unlike the most dangerous “Option ARMs” of years past, now “lenders are rolling out more conservative ARM products—without the gimmicky extra-low ‘teaser’ rates.”  Look at the rates on the home page of our website for the attractive low rates.  These products also have fixed interest rates for a given number of years: normally 5, 7 and 10 years.

 

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