Question by Britta G: Is a 2 year fixed mortgage bad? I can refinance later. Am I locked in for 2 years with no refinancing?
Home, mortgage, 2 year mortgage, home loans, home loan mortgage, mortgage rates
Answer by boston857
Typically, with most ARM’s (adjustable rate mortgages) you will be subjected to a prepay penalty to cover the fixed rate period…..I would find out whether there is a prepay…
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