MORTGAGE BROKES? Is an FHA 1 Year ARM loan at 5% a good deal? We are closing next month.?
We are financing 95%LTV. The builder is paying all our downpayment and closing costs. Also, how likely is it that we can refinance after 2 years. Our credit score isnt really all that good now, but we expect that if we have no more late payments and 2 existing collections disppear that we might see an improvement in our FICO score.