What Should You Do If Your ARM Is Almost Out Of Time?

Posted from: http://www.zillow.com/blog/arm-almost-out-of-time-196930/

If you bought a home with an adjustable rate mortgage (ARM) thinking you’d sell the home before the ARM adjusted, you’re not alone. Many people buy homes with ARMs because they plan to relocate or upgrade to a larger home in the near- to medium-term.

But when plans change and you decide to stay, you must know what will happen to your ARM – and what you can do about it. Let’s take a look.</p…

Posted from: http://www.zillow.com/blog/arm-almost-out-of-time-196930/

If you bought a home with an adjustable rate mortgage (ARM) thinking you’d sell the home before the ARM adjusted, you’re not alone. Many people buy homes with ARMs because they plan to relocate or upgrade to a larger home in the near- to medium-term.

But when plans change and you decide to stay, you must know what will happen to your ARM – and what you can do about it. Let’s take a look.</p…

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