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  Home > Diane Publishing Books >

Consumer Handbook on Adjustable-Rate Mortgages
Adjustable-rate mortgages (ARMs) are loans with in

 
Our Price: $15.00
By Barry Leonard (ed)
Year: 2006
Pages: 36
Binding Paperback

Product Code: 1422317536

Description
 
Adjustable-rate mortgages (ARMs) are loans with interest rates that change. ARMs may start with lower monthly payments than fixed-rate mortgages, but your monthly payments could change & go up -- sometimes by a lot; they may not go down much, or at all -- even if interest rates go down; you could end up owing more money than you borrowed; & if you want to pay off your ARM early to avoid higher payments, you might have to pay a penalty. The handbook explains how ARMs work & discusses some of the issues that borrowers may face. It includes ways to reduce the risks & gives some pointers about advertising & other ways you can get info. from lenders. This handbook can help you ask the right questions & figure out whether an ARM is right for you. Illus.

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