June 4, 2009
Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Adjustable Rate Mortgages Reset.
Newport Beach, Calif. (WiredPRNews.com) — Adjustable rate mortgages (Pay Option ARM’s) were widely used in the hot housing market of recent years. Many households that took advantage of “Option Pay” loans or “teaser rate” loans – types of adjustable […]
