Adjustable Rate Mortgages got a bad name after the housing crisis and mortgage meltdown in 2008, but a lot of that reputation is unwarranted.  Negative amortization ARMs, the worst culprits, are long gone.  Interest-only ARMS are hard to find unless you are super qualified and looking for a jumbo loan, and pre-payment penalties are largely a thing of the past.  What ARE still widely available are 5, 7, and 10 year amortizing ARMs with interest rates that can be very appealing when compared with the current 30 year fixed rate which has risen so much over the past year.    ARMS are worth considering for their lower rates – IF you have a good handle on what your next 5, 7 or 10 years will look like.  Planning to retire, down size, trade up, move to the beach, or relocate in the next several years?  Maybe an ARM is worth taking a look at.  Read on to learn more…

https://www.cnbc.com/2018/03/01/as-home-prices-soar-buyers-turn-to-riskier-mortgages.html

Should You Consider An ARM?