How are Pizza and Mortgages Similar?
If you opt for a personal pan pizza, you are portion controlled, with no waste and no leftovers.
a large pizza for lunch, except you can’t bring home the additional interest paid from the higher
fixed rate or keep the “extra years” to use later.
and 5 years. If you move or refinance within a year of the fixed period, you have not overpaid for
security of a Fixed 30 year mortgage.
-Because ARM rates are even lower than fixed rates.
-The larger your loan ($300,000.00+) the more dramatic the monthly savings and the
Total Borrowing Cost Savings are over the fixed period.
and ARM side by side.
When the dollar differences are in black and white, the most frequent
response is, “Now tell me how an ARM works again.”
Seeing the differences may allow you or family/friends to save more in the future.
What’s your thought or experiences with Adjustable Rate Mortgages? Leave a comment below.