Adjustable-Rate Mortgage: Good or Bad?

Posted by Bonnie Martin Designated Broker on Monday, September 22nd, 2014 at 8:04am.

homealexanderstulov_450Adjustable-rate mortgages are certainly tempting, with their low introductory interest rates, but we’ve all seen their downside in the recent housing crisis.

But adjustable rate mortgages, or ARMs, aren’t all bad; in fact, they can work well for many homeowners.

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Photo:  ©[Alexander Stulov]/123RF.COM

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