Palm Beach Post Real Estate
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choosing between fixed and adjustable rates |
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How do you choose between fixed and adjustable rates?
There is risk involved in selecting an adjustable rate mortgage, or ARMs, because rates may go up. On the other hand, a fixed-rate loan offers good protection against rising interest rates but the borrower is stuck with the initial rate if interest rates drop.
Statistics show that home buyers who have chosen ARMs since 1981 have saved thousands of dollars. For a period, the percentage of home buyers applying for ARMs rose substantially, then buyers and homeowners began flocking to fixed-rate loans.
Whether to opt for a fixed or adjustable rate mortgage is a matter of
personal choice. The first route offers stable payments; the second
offers lower initial payments.
Another consideration is the length of time a buyer plans to own the
home. If you're planning on moving within three or four years, an ARM
makes sense even if rates do nothing but rise during that period of
time.
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Palm Beach Entertainment
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Cuban fusion?s godfather, Douglas Rodriguez, grows up
Back in the day, when I first met chef Douglas Rodríguez, he was doing improv at a Lincoln Road, Miami Beach, spot called the Wet Paint Café. Of course, instead of making jokes he made yuca, and instead of serving up punchlines he served up plantains. Gussied-up yuca and plantains, that is. This was 1988 [...]
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Tasty film-inspired snacks for your Oscars-viewing party
Great movies and great food are box office gold, from Forrest Gump’s chocolates to Silence of the Lambs anti-hero Hannibal Lecter’s disturbing pairing suggestion for Chianti. We’ve put together a selection of drinks and appetizers inspired by some Best Picture Oscar winners to help you get your Academy Awards viewing party rolling. So get ready [...]
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Food Calendar: For the week of Feb. 22-28
Classes WHOLE FOODS MARKET, 2635 State Road 7, Wellington. (561) 904-4000. Gluten Free Recipe Makeover, 6:30-8 p.m. Thursday . Chef Joe will pick three regular recipes and convert them to gluten free versions and demonstrate how to prepare them. Free. Block Party: Teams’ Choice, 5:30-7 p.m. Tuesday . Enjoy free samples around the store and [...]
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Equal Housing Opportunity 
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Broward Foreclosures
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