The Federal Reserve Board has put out a handbook on adjustable rate mortgages that explains how ARMs work and discusses some of the issues that borrowers may face.
You can read it online at: http://www.federalreserve.gov/pubs/arms/arms_english.htm
Also available in Spanish at: http://www.federalreserve.gov/pubs/arms/arms_spanish.htm
If you have mortgage questions call an experienced mortgage advisor. I feel very comfortable recommending Allan Mohr at Mortgage Express:(503) 517-2415
Hello...
Thanks for the link to a valuable tool. It is one that I give to my clients when they are making a determination on fixed or adjustable rates. I have never met you, Mark, so you have not had the chance to work with me, but I am a mortgage professional here in Clackamas County. I reside in Oregon City, and I too specialize in Lake Oswego and in West Linn. I have a very good understanding of the areas, which in turn helps me to be an outstanding asset to your borrowers. For anyone wanting more information on me, please check out www.hillvalleyfinancial.com/saraheubanks, or phone me at 503.442.1349. I would love to sit down with you, or anyone else to determine how I can best be of service. Have a great day..
Best Regards,
Sarah Eubanks
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