For quite a while now it hasn’t made much sense to even consider doing an Adjustable Rate Mortgage (ARM). Why have it able to adjust when you can lock in a 3-4% rate for 3 decades?
With a doubling in mortgage rates over the past 3 months, however, ARM loans might make a lot of sense for investors.
Adam Schroeder and Zach Lemaster discuss the two options, when it makes sense for both of them, and what you need to consider if you’re thinking about using an ARM.
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Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing