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Nearly 25% of the mortgages written in the last 4 years are
Adjustable Rate Mortgages. You may have started out paying
5% and are now facing an interest rate of 8% or higher due to the FED interest
rate hikes of the past 2 years. Now that the real estate market is
cooling, interest rates are rising and tens of thousands are starting to
experience trouble paying their Adjustable Rate Mortgages.
The basic ARM (Adjustable Rate Mortgage) can
adjust the interest rate once a year, every 2 years or even every 6 months.
This combined with a tight budget puts many people in a difficult position.
Fixed interest rates are still very low, with our best
mortgage programs offering fixed rates in the 6% to 6.5% range. Now is the
time to lock into a Fixed Rate Mortgage and escape from the rising
Adjustable Rate Mortgage trap.
Apply now for a free, no obligation Fixed Rate Interest
Rate quote.
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