Blog Category: financing options

READ THE FINE PRINT! READ THE FINE PRINT! Got it? Good.

I have a client who wants my help after having received a mortgage through another bank one year ago. He has been thinking he had a 3/1 ARM on his 2nd trust. A 3/1 ARM is when you have a fixed rate for the first 3 years of the mortgage, and then it adjusts annually thereafter. But, what he really has is a 1 Year Balloon! Read More