Protect Yourself From Unexpected Mortgage Loan Adjustments
If you’re facing an upcoming rate change on your adjustable rate mortgage, you may be a bit worried. The Federal Reserve’s recent credit tightening in the last period has meant that interest rates, especially short-term rates, have risen dramatically. This may mean that your new monthly payments will be much higher than you may have expected or budgeted for. So what can you do if you find yourself in this situation, and what can you do to prevent yourself from losing your home if you do?
This blog article is a sample.