RMI Atlantic

If you find that you’d save money in the first 5 years by taking a 5 year ARM instead of a 30 year fixed - and you believe the likelihood of you moving in five years is high - taking the ARM makes a great deal of financial sense.

Fannie Mae announced it’s ending a policy that requires more down payment, or a higher loan-to-value ration (LTV) for home loans made in declining housing markets. But, this could mean more confusion when talking about PMI. Quicken Loans offers its analysis.