Home Buying Myth

“Some people think that a 7/1 ARM must be paid off in seven years, but it’s the interest rate that is fixed for seven years; the mortgage itself lasts for 30 years. The interest rate can go up or down after those seven years, but 30 years is how long you have to pay back the loan.” – David Reiss Understanding the terms of your mortgage can be tricky, but I’m here to help explain everything, just send me a message with any questions you may have. #thehelpfulLO #home #house #listreports #mortgage #themoreyouknow #finances #investment #icanhelp #realestate