Posted on: 17th Mar, 2014 06:55 am
I would like to buy a vacation house this year, but can't understand which type of mortgage loan will be suitable for me...how about balloon mortgage loan or ARM? is there any other better option?
I would avoid any loan with a Balloon - and truthfully as low as rates are now I would get a fixed rate loan - the adjustables are attractive until rates climb - What is your position and why are you considering those two options?
Brian Barnes
ENG Lending
Nationwide lender
Brian Barnes
ENG Lending
Nationwide lender