Unfortunately, applications are on the rise for Adjustable Rate Mortgages. In this video, I talk about ARM’s and how really bad they could be for you in acquiring real estate.
As we saw in the last real estate recession, Adjustable Rate Mortgages caused many to foreclose. And I am seeing the writing on the wall right now. And unfortunately I think many new buyers to real estate don’t really understand the loan they are getting themselves into.
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Disclosure: Steve Daria is a real estate broker. He is NOT an attorney, accountant or financial planner or any other type of licensed professional. Always seek out the appropriate professionals in your area for the advice needed regarding taxes, law, construction and finance. Florida Real Estate Broker Lic# BK3030453.