Big Win for ARM Financing!  Fannie Mae will now use the Note rate to qualify a borrower on a 7 or 10-year ARM.  Previously, they required the borrower to qualify at the higher of the note rate or the fully indexed rate.  7 & 10-year ARM rates are generally lower than fixed-rate financing and may be a good fit for clients who only need a fixed rate for a 7-10 period of time. If this option sounds interesting to you, let’s talk!