Financing in Arlington : Advice

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Lew Corcoran, Real Estate Pro in Easton, MA
Lew Corcoran answered:
We want a home loan which we know we will be able to pay off in 5 years. Which is the best mortgage for that ? Are there any 5yr fixed rate mortgages?
If you know that you'll be paying the mortgage off in 5 years, you'll be better off with a 5/1 ARM or a 7/1 ARM. These are 30-year hybrid adjustable rate mortgages. A 5/1 ARM ... more
0 votes Share Flag Fri Apr 8, 2011 Financing in 02474
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