≡ Menu

Why ARMs aren’t a bad thing

As I mentioned before in a prior post, VA loans are one of the coolest perks you can get your hands on in the military. I myself took advantage about 3 years ago, and entered into a 3 year VA hybrid ARM. Although this sounds like a horrible idea initially, it made sense for me as I was definitely selling my house in 4 years, and because VA ARMs can only go up 1% per year after the initial 3 or 5 year period. My initial loan rate was 2.875%, so the most it could’ve been my final year before I sold (this year) was 3.875%. However, I just got a stunning bit of good news:


As you can see, my mortgage rate went DOWN, and I’ll be paying far less this year! I thought initially I’d gotten my mortgage rate at it’s nadir, but it turns out, timing anything financial is not doable, fortunately so for me.


If you need a referral for a VA loan originator, email me and I’ll get back to you (I get no compensation from it).


{ 1 comment… add one }
  • pfdigest June 18, 2014, 8:33 pm

    I have a 5/5 ARM from PenFed. If you know what you’re doing, ARMs can be a nice tool.

Leave a Comment