Best adjustable rate mortgage on Reddit
10 reviews from r/personalfinance, r/RealEstate, r/Money
10 reviews from
and
By Brand
/By Product
#1
ARM
4.0
(5)
"As long as there’s a rate cap, ARMs can be a good deal."
"The 7yr ARM worked out well for me, saving a decent amount of interest."
"The 10yr ARM also provided a good rate and flexibility."
"An adjustable rate mortgage might be a good option for us."
"Get a cheaper 7/1 ARM, and you will effectively have a fixed loan at a lower rate."
#2
Mortgage
4.0
(3)
"A fixed rate loan's rate never changes, providing stability in payments."
"Refinancing to a 30yr fixed at 2.5% was a great decision."
"ARMs rates go up and down, making them less predictable."
#3
Local Credit Union
5.0
(1)
"For us, we went with a local credit union 5/1 ARM."
#4
Credit Union
5.0
(1)
"I did an ARM on my first purchase and it was a great financial decision."
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