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Monthly Archives: June 2011

Should You Consider an Adjustable Rate Mortgage?

The interest rate on an adjustable-rate mortgage (ARM) changes at a specified time after an initial "fixed" period.  For example, a 5/1 ARM is fixed for five years and then adjusts in year six. A 7/1 ARM is fixed for seven years and then adjusts in year eight.

Here are several reasons to consider getting an ARM loan:

6 Tips To Improve Your Credit Score

Your credit score can play a big role in determining how much home you can buy and whether or not it makes sense to refinance.  Here are 6 tips to help you raise your score: