Quote:
Originally Posted by oldtimes
If you have recently researched mortgages in The Villages who did you find to offer the best rates?
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The credit unions, Mid-Florida and Suncoast, have some excellent "teaser rates". You can lock in a lower rate for up to 3 years with an ARM, but the catch is it will not decrease when interest rates decrease which they are expected to do. Just make sure you get all the details because the criteria changes. So, if there is a steep drop in interest rates over the next few years as expected then you should plan on refinancing at that time. Also, if you have a brokerage account they sometimes offer you a better deal than market.