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Types of mortgage loans - Compare and choose the best option

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Mini Profile  unab




Joined: 25 May 2011
Posts: 68


9.62 Dollars($)

Post     Post subject:

For variable rate mortgages, can you please tell me in what basis the rate is adjusted ? will in increase to a high rate all of a sudden ?
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Mini Profile  jameshogg
jameshogg



Joined: 20 Dec 2005
Posts: 10460
Location: Nevada

987.57 Dollars($)

Post     Post subject:

Hi unab,

You can check out the given page in order to get information about variable/adjustable rate mortgage: http://www.mortgagefit.com/arm.html .

Thanks
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