submitted by BeverlyPN 5 days ago (via i-sleepy.org)
The problem with an ARM is that when interest rates rise, your monthly payment can go up significantly when your lender adjusts the interest rate. Unless there are new strategies for relief, the rise could be higher than now by the year 2011. It is important to note that many brokers are decent, hard working people who will offer you their best deal up front.
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