Adjustable-Rate Mortgages can be used as a financial tool in the right situations. If you are considering an Adjustable-Rate Mortgage for your Incline Village Real Estate, be sure to discuss your options with a professional Mortgage Planner.

 

For more information, the Federal Reserve Board and the Office of Thrift Supervison have released a revised Consumer Handbook on Adjustable-Rate Mortgages (CHARM). The booklet details how ARMs are typically structured and how payments can fluctuate. The booklet also offers a worksheet to compare loan products, and a glossary to understand terminology.

 

You can download a copy of the Consumer Handbook on Adjustable-Rate Mortgages here or log on to http://www.federalreserve.gov/pubs/arms/arms_english.htm.