Adjustable rate mortgages allow the interest rate on your home loan to fluctuate during its life. When financial markets are unstable, adjustable rate mortgages can be risky for home owners because the rate can increase with little notice. On the other hand, this type of mortgage may allow you to purchase a more expensive home.
NMLS Company ID #168026 Office: 912.920.0770 Fax: 912.920.9936 785 King George Blvd Suite 201 Savannah GA 31419 Email: hmcinfo1@aol.com Harbor Mortgage Company Georgia Residential Mortgage Licensee #16551