5/1 ARM vs. 10/1 ARM: Which is Right for You?
When deciding between a 5/1 adjustable rate mortgage (ARM) and a 10/1 ARM, the distinction between the two is the initial fixed interest rate period.
- Jul. 2, 2019
- Home Loans
Taylir Paynter
Editor, New American Funding
Posts by Taylir Paynter
Family Loan: Giving the Gift of Equity in a Non-Arm’s Length Transaction
Looking to buy or sell a home to a family member? A gift of equity can be very beneficial if you take all the right steps beforehand. Call us today!
- Jun. 25, 2019
- Home Loans
9 Grilling Safety Tips for Summer Barbecues
Does anything say summer more than hot dogs and hamburgers on the grill? As summer approaches and the days get longer, the more barbecuing is in store.
- Jun. 20, 2019
- Home Life
9 Tips to Keep Your Swimming Pool Safe This Year
On a hot summer day, there’s nothing better than taking a refreshing dip in a swimming pool. Splashing around in the pool is fun for the entire family, but it can become dangerous if proper safety measures aren’t met.
- Jun. 6, 2019
- Home Life
Pressures on the Market to Lower Interest Rates
With no trade deal, pressure on the market may cause the Federal Reserve to lower interest rates.
- May 30, 2019
- Mortgage News
What Homebuyers Should Know About Solar Panels
Solar panels are becoming more popular because homeowners may save money and make their homes more “green.”
- May 29, 2019
- Home Life
Deck vs. Patio: Which One is Right for You?
While many homeowners might think the two are the same, make no mistake that patios and decks are very different. Although they both serve the same purpose, by letting you enjoy the outdoors, there are distinct differences between patios and decks.
- May 22, 2019
- Home Life
7 Ways to Throw a Graduation Party on a Budget
As the school year comes to an end, high school and college students prepare for one last and final milestone; graduation! Graduation parties can get pricey, but not celebrating likely isn’t an option.
- May 15, 2019
- Home Life
A 5/1 ARM Home Loan Provides Important Options
When it comes to getting a home loan, there are plenty of options out there. However, different types of home loans come with different interest rates as well as requirements. Homebuyers can choose fixed-rate loans, adjustable rate loans, or the so-called ‘hybrid’ loans which combine adjustable and fixed-rate features into one loan.
- May 9, 2019
- Home Loans
Reverse Mortgage: Options for Getting Ahead in Retirement
If you own your home free and clear or your remaining mortgage is small, you likely have substantial equity in your home. That makes your home not only an asset, but a financial tool that may give you the financial flexibility you need.
- May 1, 2019
- Home Loans