Consumer Handbook on Adjustable-Rate Mortgages
By:Barry Leonard
Published on 2007-10-01 by DIANE Publishing
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.
This Book was ranked at 30 by Google Books for keyword Mortgage.
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Book which was published by DIANE Publishing since 2007-10-01 have ISBNs, ISBN 13 Code is 9781422317532 and ISBN 10 Code is 1422317536
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