Adjustable rate mortgages allow the interest rate on your home loan to fluctuate during its life. When financial markets are unstable, adjustable rate mortgages can be risky for home owners because the rate can increase with little notice. On the other hand, this type of mortgage may allow you to purchase a more expensive home.
866.677.5623 Office: 757.395.4707 Fax: 757.395.4710 287 Independence Blvd. Suite 113 Virginia Beach VA 23464 Email: mmiano@peopleshomeequity.com Peoples Home Equity, Inc Licensed by the Virginia State Corporation Commission MLB-1145