ARMS (adjustable rate mortgages): How's Who's and Why's

If you're shopping for a mortgage, and a 6% 30-year fixed rate mortgage (FRM) isn't all that appealing (or maybe it makes your budget too tight), you should investigate adjustable rate mortgages (ARMs) -- especially hybrid ARMs. You'll be in good company: some 30% of all mortgages now being made feature some form of adjustable rate feature. "But I don't like ARMs," you say. "They're confusing, and uncertain, and my payments will go up."... more...


The Real Estate Resource
Originally Posted on 6/11/2005 9:06:00 PM
Content source: http://www.RealLifeDebt.com/blog/arms_adjustable_rate_mortgages_hows_whos_and_whys-1105.html