Greetings!
Hoping this finds you well.
Before the financial market meltdown in 2008, adjustable-rate mortgages (ARMs) were all the rage, especially for homebuyers who were trying to buy-up to a bigger, more expensive house. After the market collapse, regulators severely restricted mortgages, especially for borrowers with less than perfect credit scores.
Check out this week's blog below for more.
Rick Fingerman, CFP® and Lyman H. Jackson, CFP®