drishti ias books Deciding to enter into an option ARM mortgage should be a well researched decision. Paying very little in the beginning is not the best option for the majority of people. Making payments as large of possible in the first few years is generally advisable so payments dont really start to jump in years after low payments. current affairs monthly magazine free download pdf Always comparing rates from competing lenders is crucial to getting a reasonable rate for the risk that you manifest. Settling on mortgage rates is not a good idea- get multiple rates if possible. While you want a low rate, you dont necessarily want a low rate to translate into the lowest possible payment in the beginning of your ARM, because payments will potentially increase.
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