Adjustable Rate Mortgages

You might see some headlines like this one: “Adjustable-Rate Mortgages Threaten to Sink Borrowers” – before you dismiss it and get angry, read the whole article. A few things emerge:

1. Borrowers who are going to sink worked with the least qualified mortgage professionals out there. They need to work with someone with experience, knowledge and integrity.

2. Don’t be lured by low “cost” mortgages or those with a ridicously low mortgage payment.

3. There is hope. Don’t give up too easily. Talk to someone who is truly an expert. Not a run of the mill ‘here-today-gone’ tomorrow broker with too much gel in their hair.

Write to me if you have any questions. I promise to give you honest answers.

This site is for informational purposes only. It is not sponsored or in any way affiliated with the government. If you are in need of a mortgage loan, consult with a licensed mortgage professional. All fair housing and equal housing opportunity laws apply when applying for a mortgage or buying a home. Copyright 2012.