Adjustable Rate Mortgage Woes

Look around and if your neighborhood is anything like it is where I live, there are still many houses up for sale and no buyers in site. Many are experiencing the adjustable rate mortgage blues as their mortgage payments have skyrocketed, and they are unable to refinance or sell their home.

I'm grateful to not have ever signed up for an adjustable rate mortgage, and my heart goes out to those who may have been misled by the mortgage industry in regards to how those mortgages really work contractually.

If you're in that situation, you may find some helpful pointers here from this Suze Orman video.

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