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Buying Sub2 Homes With ARMs

Robert_L profile photo
  • Friday, January 12, 2007 @ 03:12 PM EST
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I have been running across a number of sub2 houses with ARMs on them. Would you buy those? How about those with balloons on them?
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  • mtnwizard
    mtnwizard12th January, 2007
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    Robert,

    It depends upon how long you intend to hold the property, how much the payments will adjust, etc. It is certainly doable.
    [addsig]

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