Would you recommend getting a 5/1 ARM for a first time buyer

What are your goals for purchasing this house? Forever home? Move up? Use it as investment eventually? Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been in the mortgage business since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Bart Gabe - Lending Nationwide Since 1987www.bartprequalifies.combart@bartprequalifies.com 800 315 8803NMLS 20743

Without knowing all the details of your particular scenario, it's hard for anyone here to say.. but in general.. ARM loans are a very safe loan product if use properly.. If you know you will be moving within the next 5 to 7 years, then an ARM would be a good option for you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Maybe... Adjustable loans are financial tools, and not automatically right or wrong. Considerations should include: how long do you plan on living in the home? Do you anticipate higher income down the line, or are you trying to afford a loan that is a bit tight? Contact a local mortgage professional. Give them a full application, and discuss with them various loan options - along with the pros and cons of each to determine what is best for you.In MN and WI, visit www.Minneapolis-Mortgage.net

All of the details would be needed to answer the question as there are many factors that should be weighed regardless of being a first time buyer or not. Call us or email us at 800-991-5309 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Really depends on your plans - and what type of loan. FHA and VA ARM's have different adjustment features than conventional loans and protect you from major payment changes. In general, if you expect to be in the home more than about 6 years max, I would recommend a fixed rate or a longer term ARM

Hi, well...possibly.....if you are only going to be there for 5 years, then maybe..yes, go for it.....but, you can still get great 30 year fixed rates in the 4's....after 5 years, that adjustable rate can go up.... just as easily as it can go down....I live locally in South Florida and work for a New England based Bank...there are some great opportunities down here...Good luck....feel free to contact me or any of the good people here. steve k