View topic - 1 month vs 3 month floating rate loan

Warning: array_merge() [function.array-merge]: Argument #2 is not an array in /home/mortform/public_html/common.php on line 78

Warning: array_merge() [function.array-merge]: Argument #4 is not an array in /home/mortform/public_html/common.php on line 78

Warning: array_merge() [function.array-merge]: Argument #6 is not an array in /home/mortform/public_html/common.php on line 78

Warning: array_merge() [function.array-merge]: Argument #7 is not an array in /home/mortform/public_html/common.php on line 78

Warning: Cannot modify header information - headers already sent by (output started at /home/mortform/public_html/common.php:78) in /home/mortform/public_html/includes/sessions.php on line 254

Warning: Cannot modify header information - headers already sent by (output started at /home/mortform/public_html/common.php:78) in /home/mortform/public_html/includes/sessions.php on line 255

Warning: Cannot modify header information - headers already sent by (output started at /home/mortform/public_html/common.php:78) in /home/mortform/public_html/includes/archive/archive_page_header.php on line 197

Warning: Cannot modify header information - headers already sent by (output started at /home/mortform/public_html/common.php:78) in /home/mortform/public_html/includes/archive/archive_page_header.php on line 203

Warning: Cannot modify header information - headers already sent by (output started at /home/mortform/public_html/common.php:78) in /home/mortform/public_html/includes/archive/archive_page_header.php on line 204
View topic - 1 month vs 3 month floating rate loan - Mortgage Forums

Active Topics

Mortgage Dictionary
Mortgage Directory
Advertising Policy

1 month vs 3 month floating rate loan
Click here to go to the original topic

Mortgage Forums Forum Index -> Loan Talk

View previous topic :: View next topic

Author

Message

Mat

Joined: 18 Sep 2008
Posts: 1

Posted: Thu Sep 18, 2008 9:02 am Post subject: 1 month vs 3 month floating rate loan

Hi Guys, I am going to buy my first home, I am still a bit in the dark when it comes to the details of ARM loans. My bank proposes two different rates for ARM mortgages: 1 month floating rate 6.19% 3 month floating rate 6.30% Does any of you have experience with this? I don't know which would be best in my situation. I intend to borrow 100 000 US dollars. I intend to repay the loan within 5 years. I am not based in the US and am not quite fluent in the local language so it is sometimes difficult to have a clear explanation with loan officers here. Cheers.

	Mortgage Forums Forum Index -> Loan Talk
Page 1 of 1