Washington Federal. They will do all unwarrantable condos. Just re-fi'd mine(over 10% thing). They are financing others in Park City with lawsuits pending. They don't care. Super easy to deal with and beat everyone else's rates(that ended up saying no) by .5%. I was looking for about 2 years.... more
If you plan to be in your new home for many years, a fixed rate mortgage is probably your best bet. However, as Mandy notes below, people often move well before paying off their loan. If your job requires frequent moves, if you plan to buy a larger home as your family grows, or a smaller one when the kids leave for college an ARM may be your best bet. In other words, if you expect to sell the home before the fixed rate period at the beginning of the ARM, then it might make sense for you to keep your interest rate and payments lower by taking out the ARM. However, before you sign anything, you should talk to your lender and make sure you fully understand all the implications of any loan you take out. This is especially true of ARMs because they are more complicated than fixed rate mortgages.