If Your ARM Is Adjusting In November 2008 Or In 2009, You May Be A Victim Of Bad Timing

An adjustable-rate mortgage is a mortgage for which the interest rate remains fixed for some period of time, after which it can change based on some pre-determined rules. A shared rule among adjustable rate mortgages is the formula by which they adjust. Expressed as a formula, it reads: (Adjusted...

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[Source: The Mortgage Reports Blog]