Answers by Suzi Cree

An ARM will increase regardless. Currently interest rates are still low (on a historic average). The rates will most likely only increase in time. Best thing to do is speak with 2-3 lenders. Get their opinions and listen to them. They often have several finance options and products so you can accomplish your investment goals. They will help guide you and the more information you have the better you are going to be in making the best decision for you.

Hi Eric, If you have a renovation that has begun (but not finished), like a bathroom partially completed, then I would recommend finishing the project. However, if there are renovations that you planned on doing and never got around to then I most likely would recommend selling at a lower price (as is). You almost never recover 100% of the renovations unless you are doing everything yourself at a high level. I hope this helps