Rising Rates May Make ARMs Riskier

Topics:
Credit Management
Tags:
ARM,
Capital Structures,
Finance,
Financial Planning,
Financial Services,
LendingTree,
Mortgages
Source:
LendingTree

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Overview: If you have an Adjustable-Rate Mortgage (ARM) and are worried about the prospect of higher interest rates later this year, you might want to consider refinancing to take advantage of today's still-attractive interest rates on fixed-rate mortgages. If your ARM has already been reset or is scheduled to reset soon and your new monthly payment won't be affordable, the decision to refinance your ARM may be simple. Yet the decision still should be made carefully since your mortgage is most likely your largest monthly expense.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jul 2008 | Pages: 3

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