Friday, May 25, 2012
Have an adjustable-rate mortgage? Make sure you know how it works.
My daughter and her now-former husband bought a house in 2000 with a variable-rate loan. They ended up filing for bankruptcy and were paying off what they owed on the house. They got divorced two years ago, and she got the house. Her payments increased approximately $250 per month when the loan a…
Read the whole story here: Have an adjustable-rate mortgage? Make sure you know how it works.
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