adjustable rate mortgages: 5 Things to Do Right Now if Your ARM is Going to Reset Soon - 10/03/07 05:33 PM
Most of the emails I have been receiving lately have been from folks who have an adjustable rate mortgage that is going to adjust on them within the next few months. The comments come from people with both subprime and prime loans; and the concern is the same: “I can afford the payments now; I won’t be able to when they change.”
I’ve put together this list of 5 things to do right now if you are in an adjustable rate mortgage so that you can better manage what needs to happen before your rate changes. I recommend starting this process … (6 comments)
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adjustable rate mortgages: Your ARM is adjusting, your rate is going up, you need to act now - 06/16/07 01:58 AM
I have been on the phones a lot more lately as I've shifted my responsibilities from purely marketing to selling and marketing. This shift has also accounted for a decrease in during-work-hours posting. I'm trying to change the latter; but am ecstatic to be doing the former. I love helping people. I love being able to say that with out worrying what anyone reading it will think.
I have been talking to a lot of home owners who are in a precarious situation. The story goes something like this:
They received a notice from their lender, something about their rate - … (7 comments)
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adjustable rate mortgages: Will your adjustable rate mortgage payment go up? - 04/07/07 10:57 PM
Sometimes I am very afraid for Americans with home loans. If you look at the bankrate.com study - you know the one where 57% of mortgage holder said they have fixed rates - it is easy to see that too many Americans don't know much about their mortgages. The reason the 57% number is so alarming is that nearly 3 out of every 4 subprime mortgages written between 2005-2006 were adjustable rate mortgages. And there are a number of statistics about the number of ARM loans written in the prime market as well. It all points to a very clear fact: … (1 comments)
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