Are Libor adjustable mortgages a good deal?

Buydown feature may present 'incredible bargain' for borrowers
Published on Jun 14, 2004

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by CareyBot

“My loan officer recommended a Libor ARM, said it was a good deal. Is this true?” It could be true. Libor ARMs may have lower margins than other ARMs because of their appeal to foreign investors. But that doesn’t necessarily ...