"My adjustable rate mortgage is adjusting up way too much!"

That's a complaint Loan Officers are hearing a lot lately.
You're not alone. Different estimates are that between 500 billion and 1
trillion dollars of adjustable rate mortgages (ARMs) are set to adjust by
the end of next year.
For some people, interest rates are going up 3-4% once their adjustable
rate mortgage adjusts. This is resulting in a payment increase of anywhere
between $100 and $500 a month, possibly more depending on the size of your
loan.
Remember that your not alone. Many homeowners are facing the same
dilema. As your rate rises so does your payment. As your payment rises so
does the stress. When purchasing a home it's important to take these
changes into account. If your already in the home then it's time to look at
some financing options.
Stop the "PAYMENT SHOCK" Blues and look into a Fixed rate until the trend
of Adjustable Rates has settled.

Thanks

Ed Bates
Wasatch First Financial

801.330.4964
www.mloans.net

Apply online for your home mortgage today!