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hanth23 · Joined: 22 Jul 2007 Posts: 23 11.08 Dollars($)

Which is better, an ARM Interest loan or an fixed interest loan.

adonis · Posted: Mon Jul 23, 2007 12:03 am Post subject: RE: ARM vs FRM

hanth,

You can differentiate between a fixed and adjustable rate loan on the basis of interest rates charged on the loans, and the cap that is offered on an ARM and not in an FRM. Besides, there are different loan options available in case of FRM and ARM.

To know more on How to differentiate between FRM and ARM, refer to a section on this topic.

miller_st · Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)

Your decision also depends on long you want to stay in the house before shifting.

If your plans are to sell and move out before the rate adjusts on an arm then an arm can give you more gains compared to an frm. If the rate for the fixed term of an arm is lower than what is available on a frm loan then you can go for a arm loan.

Miller

garisworld · Joined: 19 Jul 2007 Posts: 3 1.88 Dollars($)

I would suggest fixed interest loan.

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