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stay away from Option ARM (adjustable rate mortagage) loans. They sounds very attractive to the naked eye but have a lot of fine print that goes along with em.
If you are familiar with adjustable loans and understand how indexes and margins work and plan on staying on top of your loan, you can save a LOT of money over the years and pay off your home earlier. But you really need to know how to work the angles.
the loan market for loan officers is very cutthroat, especially now. so watch out for shiesty loan officers.
Good luck buying your first house Baba. If you need any info on loans let me know.
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