Valued Member
Posts: 43
Registered: ‎06-06-2007


What's the best option for an "improving" credit score of  571 ( I know horrible score). Should we get an ARM/ FIXED/ What?
We're hoping that our scores inprove by the time we settle/lock in rate which is a few months from now.
Frequent Contributor
Posts: 489
Registered: ‎05-23-2007


ARMs arent bad if you have the house you want to buy and your in position to refi within 2-3 years with a lower rate. I just closed on a 5/25 ARM with a 580 midscore in April with an APR of 9.99% and now Im working on refi with cash back since two of my scores are over 600 now.
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