The most important thing is interest rate in any mortgage plan. So, keep in mind this point but other points are also very important to make a good deal in property mortgage plan. Thanks for sharing. http://www.bayut.com
With fixed mortgage rates less than 3.5%, there is no reason to get a variable rate mortgage or ARM. That only gives the bank the option to increase your payment. Here is how increasing interest rates affect a mortgage:
Loan $165,000 Rate: 3.5% Term: 30 years PAYMENT: $740.92 Loan $165,000 Rate: 4.0% Term: 30 years PAYMENT: $787.74 Loan $165,000 Rate: 5.5% Term: 30 years PAYMENT: $936.85
See how just a few percentage points can make a HUGE difference in a mortgage payment.