If you have an adjustable rate mortgage (ARM), and if the index it's using to determine it's interest rate is the LIBOR (London Interbank Offered Rate), you may be in for a shock the next time it adjusts. The LIBOR is among the most common of benchmark interest rate indexes used to make ... » Learn More about Beware of the LIBOR -If Your Mortgage is Attached to it
ARM vs. fixed-rate mortgages
ARM vs. fixed-rate mortgages: What’s right for you?
If you're investigating to choose between an ARM or a fixed-rate mortgage, you're not alone. Here's a primer on mortgage types. When it concerns buying a house, you need to make many decisions. You have to determine which community you want to live in, which school district, how much of a down ... » Learn More about ARM vs. fixed-rate mortgages: What’s right for you?