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Good day! Been researching loan products and can use a more personal, live person POV.

How exactly is a 5-1 hybrid better than a 30-year fixed? I am understanding it's better for larger price tag homes. is there an advantage ? I am looking at a home in Santa Fe springs, ca. $749,000. Credit is good 688. DTI ok, 40/60. income is stated, $13,400/month. Thank you. by terjesa223 from Santa Fe Springs, California. Aug 13th 2019 Reply


Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 796 contributions

give me a shout

Aug 13th 2019
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 123 contributions

Call John Crivea one of our certified home Advisors at 864-907-1089. He can answer these questions. Thanks

Aug 13th 2019
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Crestico Funding (CresticoFunding)
#313 ranked lender in California - 339 contributions

5/1 ARM have their advantages and disadvantages and it depends on various factors such as employment type and it's cash-flow, your over all goal for the property and it's mortgage.Seems like based on your DTI, your only option is to go with Non-Qualified mortgage programs which has higher interest rate and reason your loan originator is offering you 5/1 ARM is because it's interest rate is much lower than a 30 years fix for the sam e program type.

Aug 13th 2019
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