Douglas Rawan, Mortgage Lenders (Drew Mortgage Associates)

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Rainmaker
3,423,203
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.  On the situation. On the buyer/ borrower. On other factors.

 

Oct 09, 2018 02:31 AM
Rainmaker
3,207,922
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That depends.

Oct 09, 2018 01:33 AM
Rainer
186,842
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

I'm fixed and circumcised, that's my preference.

Oct 09, 2018 12:24 AM
Rainmaker
1,557,074
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

You're a LO & you're asking me? Better start over in your job.

Whatever works out best financially for the buyer.

Oct 09, 2018 04:59 AM
Rainmaker
789,501
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

In a rising interest rate market, an adjustable rate is not wise, in my opinion. I prefer fixed-rate instruments.

Oct 09, 2018 01:46 AM
Rainmaker
572,754
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Depends on where you think rates are headed & moreso how long you plan to stay in the property, as well as other considerations. 

Oct 09, 2018 05:00 AM
Ambassador
4,364,278
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

How long are you going to own the property?

Oct 09, 2018 02:34 AM
Rainmaker
1,107,128
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Whichever the buyer prefers. 

Oct 09, 2018 11:47 AM
Rainmaker
1,222,072
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

 Just ask an ActiveRain member, Douglas Rawan , and you get many good answers. Welcome to the Rain.

Oct 09, 2018 06:52 AM
Rainmaker
1,248,168
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Depends of situation

Oct 10, 2018 08:29 AM
Rainmaker
1,657,048
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Every situation is different and should be determined by a financial professional NOT a Realtor.

Oct 09, 2018 01:29 PM
Rainmaker
2,825,456
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

It depends. It really does. Just ask Michael Jacobs 

Oct 09, 2018 07:22 AM
Ambassador
2,363,640
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Rates are heading upward.  Fixed!

Oct 09, 2018 06:42 AM
Rainer
472,859
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I prefer Fixed.  But a client may have other reasons for choosing adjustable.

Oct 09, 2018 06:25 AM
Rainer
305,118
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

Doug, what percentage of the loans you are writing are adjustable?

As a closing agent, I think ARMs make up less than 1% of the loans I've closed over the last 5 or so years.  And most were bad credit, higher interest loans that were the borrowers' only option.

Oct 09, 2018 06:22 AM
Rainmaker
1,034,218
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

ARM with the potential to move up 2 points next few quarters?

Oct 09, 2018 06:06 AM
Rainmaker
550,665
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you Nina Hollander 

Oct 09, 2018 05:32 AM
Rainmaker
3,126,303
Richard Weeks
Dallas, TX
REALTOR®, Broker

Depends on the buyer situation.

Oct 09, 2018 04:48 AM
Rainmaker
1,019,736
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Many factors to consider and it's your job to educate the client about them. My preference is a 15 year fixed.

Oct 09, 2018 04:20 AM
Ambassador
3,439,384
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Every situation is different but, IMHO short-term - ARM, long-term - fixed rate.

Oct 12, 2018 09:51 PM
Rainmaker
1,686,635
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

No mortgage if it is possible.:)

Oct 10, 2018 08:27 AM
Rainer
244,377
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I like my fixed rate 3.625% note I have currently. 

Oct 09, 2018 07:00 AM
Rainmaker
2,483,600
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

At the core of this is the monthly payment amount. Who doesn't want a lower payment? However, its the catch one has to assess and that remains subjective. Ah, for the day when that payment doesn't exist! 

Oct 09, 2018 06:39 AM
Rainmaker
3,049,058
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I always ask my buyers how long they Are going to live there. In most cases if it is 5 years or longer, get the fixed rate. A quick 2 years and then moving up, may love the lower adjustable rate. With rates going up, the buyer needs to know their rate will increase if the choose the arm

Oct 09, 2018 05:52 AM
Ambassador
1,655,191
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Fixed.

Oct 09, 2018 05:18 AM
Rainmaker
3,361,224
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

ARM's have there place. I prefer a fixed rate but have suggested ARM's in certain circumstances.

Oct 09, 2018 05:05 AM
Rainmaker
543,776
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Depends on how long you plan to stay, but in today's climate, long term, go fixed rate.

Oct 10, 2018 08:47 PM
Rainer
123,204
Anthony Kirlew
Group 46:10 Network @ eXp Realty - Gilbert, AZ
Helping You Make Fiscally Sound Choices

It depends; if one is sure they are not going to be in a home for a long time, an ARM could be a good option. Often time passes quicker than expected and one finds themseleves in a home longer than expected.

Fixed rates are so low that I don't see much value in using an ARM (especiallt if it is fully amortized), so I would lean towards a fixed mortgage. Also, if one is not going to live in a hope for more than a few years, they may want to reconsider owning versus renting depending on how the market is trending.

Oct 09, 2018 09:09 PM
Rainmaker
2,846,725
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Douglas Rawan it depends on the borrower.

Oct 09, 2018 09:09 PM
Ambassador
902,227
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Easy answer?  Yes.

But we all know it depends on client needs.  In the current environment of housing and economic uncertainty, technical signals, and tight spreads (not as wide a rate gap between fixed and adjustable as we've seen in previous years), fixed rates make the most sense for the majority of buyers, but ARMs still have a place.

Oct 09, 2018 05:23 PM
Rainmaker
854,416
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

For me persomally - I prefer a fixed for a few years while I decide whether I'm keeping a property, if I keep it roll it onto a fixed

Oct 09, 2018 03:11 PM
Rainmaker
1,262,317
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

For me personally?  A fixed.

Oct 09, 2018 12:46 PM
Rainmaker
5,115,778
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

when rates are low, a fixed.... when the buyer is going to stay for a short stay, an adjustable.... 

Oct 09, 2018 10:21 AM
Rainer
251,942
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

Personally, I prefer a 15 year fixed if I can afford the payment. I tend to buy and hold so it works for me. For others, it really depends on their specific situation, but generally a fixed rate is the way to go. I don't honestly remember the last ARM loan that I processed. 

Oct 09, 2018 09:04 AM
Rainmaker
1,500,532
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Depends on a personal situation and the end strategy.

Oct 09, 2018 07:42 AM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it depends on the individual's circumstances.

Oct 09, 2018 06:32 AM
Rainmaker
780,058
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Short term ownership - ARM. But don't count on any accrued equity not based in investment in property improvements.

This is my last house - Fixed rate. 

Oct 09, 2018 05:28 AM
Rainer
44,691
Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

adjustable if the owner is occupying for the span of the fixed rate before it adjusts...fixed for long term

Oct 09, 2018 04:51 AM
Rainmaker
4,157,839
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Like Michael said - it depends.

Oct 13, 2018 08:48 AM
Rainmaker
3,983,633
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Each has it's right application

Oct 10, 2018 05:48 PM
Rainmaker
940,155
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I've had both, the market and my cash on hand determines the answer.

Oct 10, 2018 07:27 AM
Rainmaker
1,846,133
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Avoid Arms !!!

Oct 09, 2018 05:35 PM
Rainmaker
744,460
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Long term, go fixed. Plan to sell in less than two years or refi, do adjustable. 

Oct 09, 2018 11:55 AM
Rainmaker
5,498,682
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Select the product that best meets the needs of the borrowers.

Oct 09, 2018 08:38 AM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends .

Oct 09, 2018 08:26 AM
Rainmaker
4,567,978
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It depends on the nature of the deal. A

Oct 09, 2018 07:36 AM
Rainmaker
1,040,855
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Its a very situational question primarily depending on the goals of the borrower / Home Buyer. As well as the current market conditions, how long the buyer anticipates keeping the home and or the mortgage. Other factors to consider are:

Borrowers probable income changes in near future

Desired home

as well as others its never appropriate to say this mortgage or that mortgage is best. In the same market conditions two buyers / borrowers are likely going to benefit from two very different mortgage types. This happens all the time in the Northern Virginia D.C. metro area market.

Oct 15, 2018 05:59 PM
Rainmaker
3,238,806
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

still fix

Oct 13, 2018 07:43 PM