You may be tempted to seek an adjustable-rate mortgage, or ARM. That’s
because such mortgages tend to boast interest rates that are initially 1.5 to 2
percent lower than the typical 30-year fixed-rate mortgage. However, once
the loan re-adjusts to a higher interest rate, you may have great difficulty repaying
the loan. When your monthly mortgage payment suddenly
skyrockets because of a rate adjustment, you might not have the
wherewithal needed to deal with the increase. Therefore, the best advice is
to avoid ARMs altogether.
How To Survive Foreclosure Or Avoid It Altogether.
No Other EBook Like This! A 170+ Page
Best Advice From Many Top-notch Experts
On How To Avoid The Most Losses During & After Foreclosure.
Also visit my partners ever growing popular lense HERE
No comments:
Post a Comment