Is a 5'1 arm a good idea? The advantage of a 5/1 ARM is that during the first phase, you get a much lower interest rate and payment. If you plan to sell in less than six or seven years, a 5/1 ARM could be a smart choice
Who holds the deed when you have a mortgage? Mortgage Guide A mortgage grants ownership of your home to the lender which will transfer the title back to you aft... more