Your ARM Is Adjusting Lower. Is There A Downside To Letting It?

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Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

Pending ARM adjustment based on LIBOR

When adjustable-rate mortgages are on the verge of adjusting, a common concern among homeowners is that their mortgage rates will adjust higher.

Well, this year, because of the math of how ARMs adjust, homeowners in Lake Mary and around the country are seeing that mortgage rates on ARMs can sometimes adjust lower, too.

Adjusting conforming mortgages are adjusting to as low as 3 percent.

As a quick review, here's the timeline for..........

 

Read the COMPLETE BLOG POST HERE:

Your ARM Is Adjusting Lower. Is There A Downside To Letting It?

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Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

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