Review your “ARM”

Filed under Loan Programs, Tips and Advice {no comments}

I know so many people that still do not realize that their ARM (adjustable rate mortgage) might not be broken. I wrote about this way back in March 2008. Is your ARM (Adjustable Rate Mortgage) Really Broken? Most homeowners always assume that if they have an adjustable rate mortgage that their payment and interest rate is going to go upward. Well due to rates being so low, this is actually the opposite. If you are truly not sure if you have a broken “ARM”, please feel free to contact me and I will be happy to review your paperwork and help you find out. The last client who thought they had a broken “ARM” saved $550.00 a month when the interest rate when down.