Sign up to save your podcasts
Or
Share Episode 08: Adjustable Rate Mortgage
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Episode 08: Adjustable Rate Mortgage
Send us a text
On this episode of The Loans Elevated Podcast, Broch discusses adjustable rate mortgages. Broch debunks some common misunderstandings about adjustable rate mortgages and shares how you can actually use them to strategically ensure that you’re not exposing yourself to more risk, despite them seeming more risky in the beginning, if you just plan for the future and set goals. Broch speaks about how a lot of people have a bad perception of adjustable rate mortgages because of what we seen during the mortgage meltdown. Broch reminds you that ARM loans look incredible different in modern day than they did back then. ARM’s used to be fixed for only a year and didn’t have caps on them and would often reach double digit rates easily. Broch states that ARM’s are not risky as long as you have done your research and understand what you’re getting into. Broch also mentions how the biggest difference from then to now is that the rate is not fixed for the entire 30 year term and recommends that you agree to a maximum of a 7 year fixed rate ARM. Speaking from an advantage point and Broch is constantly watching what’s happening in this area, Broch states that personally he has had more adjustable rate mortgages than fixed due to the fact that ARM’s oftentimes are lower in rate, meaning lower payment, than a 30 year fixed option. Broch advises you to investigate, educate yourself and ensure you know your options.
🎙 Loans Elevated Podcast
Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype.
Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage.
🔗 Resources & links: https://lassigteam.com
📲 Follow us on Instagram & Facebook: @loanselevated
Hosts:
Broch Lassig - Branch Manager | NMLS 340314
TJ Heidenreich - Sales Manager | NMLS 1802412
Ryan King - Loan Officer | NMLS 1870771
Branch NMLS 2048956
Equal Housing Opportunity.
All loans subject to underwriting approval. Certain restrictions may apply.
CrossCountry Mortgage, LLC | NMLS 3029
www.nmlsconsumeraccess.org
This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.
View all episodes
By The Lassig Team at CrossCountry MortgageSend us a text
On this episode of The Loans Elevated Podcast, Broch discusses adjustable rate mortgages. Broch debunks some common misunderstandings about adjustable rate mortgages and shares how you can actually use them to strategically ensure that you’re not exposing yourself to more risk, despite them seeming more risky in the beginning, if you just plan for the future and set goals. Broch speaks about how a lot of people have a bad perception of adjustable rate mortgages because of what we seen during the mortgage meltdown. Broch reminds you that ARM loans look incredible different in modern day than they did back then. ARM’s used to be fixed for only a year and didn’t have caps on them and would often reach double digit rates easily. Broch states that ARM’s are not risky as long as you have done your research and understand what you’re getting into. Broch also mentions how the biggest difference from then to now is that the rate is not fixed for the entire 30 year term and recommends that you agree to a maximum of a 7 year fixed rate ARM. Speaking from an advantage point and Broch is constantly watching what’s happening in this area, Broch states that personally he has had more adjustable rate mortgages than fixed due to the fact that ARM’s oftentimes are lower in rate, meaning lower payment, than a 30 year fixed option. Broch advises you to investigate, educate yourself and ensure you know your options.
🎙 Loans Elevated Podcast
Clear, strategic conversations on mortgages, real estate, and home financing — designed to help you make confident, informed decisions without the hype.
Hosted by Loans Elevated, presented by The Lassig Team at CrossCountry Mortgage.
🔗 Resources & links: https://lassigteam.com
📲 Follow us on Instagram & Facebook: @loanselevated
Hosts:
Broch Lassig - Branch Manager | NMLS 340314
TJ Heidenreich - Sales Manager | NMLS 1802412
Ryan King - Loan Officer | NMLS 1870771
Branch NMLS 2048956
Equal Housing Opportunity.
All loans subject to underwriting approval. Certain restrictions may apply.
CrossCountry Mortgage, LLC | NMLS 3029
www.nmlsconsumeraccess.org
This podcast is for educational purposes only and does not constitute financial, legal, or tax advice. Consult a qualified professional regarding your individual situation.