Adjustable Rate Mortgages Still a Risky Proposition
The adjustable rate mortgage or ARM loan was super popular during the real estate boom, and then it caused serious problems as people who took out low interest rate ARM mortgages got bushwhacked by adjusted rates that skyrocketed their monthly payments. Everyone shifted as fast as they could into more reliable and safe fixed-rate loans, because those carry interest rates that never change – even if prevailing rates go through the roof. Those who didn’t get to move i
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Adjustable Rate Mortgages Still a Risky Proposition
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