Many people start out with an adjustable rate mortgage because the payments are very low at first.
However, if you keep them long enough you can end up paying too much. You don't have to accept this rate increase. We pay all of the closing costs such as title fees, escrow fees, appraisal fees, and credit report fees. There are no loan fees or prepayment penalties and nothing is added to your loan balance. You pay absolutely no points, fees, or closing costs of any kind.