How a Rate Cap Affects Your Adjustable Mortgage

How a Rate Cap Affects Your Adjustable Mortgage
Posted Wednesday June 22, 2016 in Adjustable Rate Mortgage

Economic experts are still talking about a future rise in interest rates. If you have an adjustable rate mortgage (ARM), you could be at risk of rising payments if there is no cap on your loan over time. For example, if the index, which is used to calculate the interest rate on an adjustable-rate mortgage,…
When Does an Adjustable-Rate Mortgage Make Sense?

When Does an Adjustable-Rate Mortgage Make Sense?
Posted Monday February 1, 2016 in Adjustable Rate Mortgage, Mortgage

Sometimes when I offer a mortgage that comes with adjustable rates, I can see my clients shaking their heads and wondering why. Why would I suggest the straightforward, steady payment option that comes with the likes of a fixed-rate mortgage rather than a loan that is subject to market fluctuations? Here are a few of…
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