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Updated over 5 years ago,
10 Year Balloon ARM Investment Loan For Rental
I am currently looking at different options to get pre-approved for my first rental property home loan in the US and was wondering if it is a good idea to use a 10 Year Balloon ARM Loan @ 4.37% for my purchase. What are the pros and cons? I have good credit score +730, income and can make 10% to 15% downpayment.