windywave wrote:
veganerd wrote:
windywave wrote:
veganerd wrote:
spudone wrote:
windywave wrote:
http://www.cbsnews.com/news/adjustable-rate-mortgages-make-a-comeback/ Adjustable rate mortgages are coming back in vogue. Why? Rates are near all-time lows. The risk profile is asymmetric. I just don't get this unless we're back into needing people who can't afford houses buying them.
I could see it being advantageous if you plan to flip the house quickly.
Exactly. Also great if youre trying to pay down debts.
If you have that much debt you shouldn't be buying a house.
How much? Youre making a simplistic assumption.
So much debt you have to use an exotic security to meet your cash flow.
Youre assuming need rather than desire. Lowering your mortgage can free up more cash to pay off higher interest lines of credit faster even if your current dti is acceptable.
who's smarter than you're? i'm!