Consumer Handbook on Adjustable Rate Mortgages
Description Return to Resource List
- Consumer Handbook on Adjustable Rate Mortgages
- Reserve Bank
- Board of Governors
This Web site gives an overview of Adjustable-Rate Mortgages, explains how ARMs work, and discusses some of the issues that borrowers might face. It includes ways to reduce the risks associated with ARMs, pointers about advertising and other sources of information such as lenders and other trusted advisers; a glossary of important ARM terms, and a worksheet that can help borrowers ask the right questions and figure out whether an ARM is right for you.
|adjustable rate mortgages, mortgages, interest rate, interest only, ARM, index, margin, interest caps, discounted rates, prepayment penalties, conversion fees|