Similar Stories to Adjustable-rate Mortgage: Good Or Bad Idea As Rates Rise? on Bing News

Hal M. Bundrick, CFP, NerdWallet.com
Mon, 07/09/2018 - 2:43pm

An adjustable-rate mortgage, with its lower initial interest rate and monthly payment, can seem a tempting alternative to a higher fixed-rate loan when mortgage rates are rising. “People are trying to squeeze into a more affordable payment,” says Jeff Lazerson, president of Mortgage Grader, a home loan lender in Laguna Niguel, California.

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