MY COLLEAGUE thought our discussion about where to locate the causes of the financial crisis had left the issue of inequality behind. I didn't really think it had. I may have misunderstood what he was arguing, both in his initial post and in his reading of Raguram Rajan, but this is the thrust of the...
FHA 3 Year Treasury ARM
FHA 3 year treasury arm
A 3 year treasury arm is a fixed rate for the first 40 months of the loan. Interest rates on this program can be up to 20% lower than comparable 30 year loans.
Its a great loan if your priority is to reduce your payment as much as possible. Its is also a great way to build equity the first 3 years of owning a home. You can just pay an amount closer to a comparable 30 year fixed and you will see the balance drop down.