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Adjustable Rate Loan help!

By
Real Estate Agent with Re/Max College Park

Don't start worrying quite yet about your adjust rate mortgage (ARM).  Your interest rate may be fixed for 5 more years.  Help is on the way!  If you think you may have to sell your home but can't get enough for it to pay the loan off- don't worry.  They are trying to get you another 5 years at a fixed rate to wait for the market to change.

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Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Jessica,

Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Dec 10, 2007 08:53 AM