Hi when i perchase my house i get arm interste rate of 5.8 now it jump to 8.9 after 2 yers?

Question

Hi when i perchase my house i get arm interste rate of 5.8 now it jump to 8.9 after 2 yers?

Answer 1

WRONG CATEGORY!

But to answer your queston: That's probably how the contract you signed has it set. The real estate companies and banks do that trick you into thinking you're getting a good deal. You think that's bad? Just wait and see in 3+ years how high it gets. Loans can be a real bi+ch sometimes. That's why you should pay real good attention to what you sign and do the math as well.

With that being said, contact your bank and they'll explain it better.

Answer 2

wat does this have to do with volleyball. sry dear but WRONG CATEGORY.