Have an adjustable rate mortgage that will be reset within the next 12 months?
Get a mortgage check up sooner rather than later. Actually, call a mortgage broker NOW.
According to Sofia Nadjibi, a mortgage broker with Union Trust Mortgage, borrowers struggling with monthly payments now might be shocked to know that monthly payments can double in some cases once an ARM resets.
Double???? Now that could be pretty scary! If you ARM is about to reset, call a qualified mortgage professional today to discuss your options!