adjustable rate mortgage?

June 27th, 2008 by admin

Do you have a home loan? Is yours a adjustable rate mortgage? If so, consider refinancing soon – very soon. Really, take a look and you will see that a recession is on the brink. Gas prices are on the rise. Money is tighter and expenses are higher. Interest rates are at historical lows. Add all that together and what do you get? I believe you get raising rates. Now, adjustable loans are great tools and I am sure you are using it correctly. However, if rates are rising and your loan resets, you are going to get stuck with a much higher payment.

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