To ARM, or Not to ARM?
Reevaluating the Adjustable Rate Mortgage in 2022
The ARM is one of the most misunderstood mortgage products out there. Since the mortgage meltdown of 2008, the ARM developed a bad reputation, in part due to the “option ARM”, which was popular at the time.
Today’s more widely adopted SOFR ARM’s function differently, and can be an excellent tool if used wisely.
Reach out to me any time with questions about real estate, mortgages, or any part of the home buying process. I'd love to help.
Ken Your Mortgage Friend
NMLS #220638 • 847-634-2252
kenfriend@longgrovemortgage.com
Long Grove Mortgage • NMLS 210846
www.longgrovemortgage.com
instagram.com/longgrovemortgage
