Affordable Home Loans in Georgia: Why Adjustable Rate Mortgages Can Be Good for You, Too

Lewis writes that Bartlett's goal was to get a mortgage with a low rate, while managing the risks at the same time. She mentions that Bartlett did a self-assessment before he settled on a specific mortgage product. Homebuyers in Georgia have a lot more options to consider, from starter homes to luxury homes, due to the steady improvement of the local housing market. Like Bartlett, the average buyer would do well to undergo a self-assessment, as well as study the best options for affordable home loans in Georgia. Lewis states that with his seven-year ARM, Bartlett can expect rates to go as low as 1 ¼ percent, or as high as 8 ¼ percent after seven years, according to the terms of the seven-year ARM. Luckily, Bartlett had the foresight to put down cash when he bought the home. As such, he doesn't expect to be terribly affected if the rate shoots up to about 8 ¼ percent.

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