Sentences with phrase «clear of adjustable rate mortgages»
Steer clear of adjustable rate mortgages (ARMS) or other risky products.
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These proposals include clearer explanations of adjustable rate mortgages, proper disclosure of comparable APRs given to borrowers with excellent credit, and stricter limitations to prevent mortgage «steering».
If you own your home free and clear, you may be leaving a lot of your home equity untapped when you could access it via an adjustable rate reverse mortgage.