is an adjustable rate mortgage a good idea

is an adjustable rate mortgage a good idea

Risks of An Adjustable Rate Mortgage. There is the potential that the rate, and with it the monthly mortgage payment, can increase. Depending on the loan amount, the amount of the increase, and how much flexibility there is in the household budget, this can create a tough situation for some homeowners.

A good FICO score is key to getting a good rate on your FHA home loan.

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