Get a Home Loan for Only 4% Interest!
That is a teaser rate folks,YES IT IS TOO GOOD TO BE TRUE!
Many lenders in the past have offered rates like this and even lower. You see it on TV all of the time. Thes are teasers,meant to get you to call them. Even if you got a loan at that rate,you need to read the fine print.
Almost without exception,these rates are offered for a limited time frame (1 to5 years). After the introductory period the rate will reset,most of the time at a much higher interest rate,or to market rate but the difference between the teaser rate and the market rate is added to the principle or term of the loan.
Yes,your parents were right! Don’t sign anything before reading it.
For information on a Realtors opinion on Adjustable Rate Mortgages:click on the following articles.
- Adjustable Rate Mortgages,Good or Bad,Part 1
- Adjustable Rate Mortgages Part 2
- ARMs,Part 3,Pitfalls and Benefits
Jim Little,Your Sun City Realtor
http://jclittle.com/
Ken Meade Realty
17001 N Del Webb Blvd
Sun City AZ 85373
800-877-1776
623-977-1776
By the way…if you know someone who is interested in buying or selling real estate in the Sun City Neighborhood,Peoria,Glendale or Surprise,please call me with their name and phone number. Thank you!