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What happens when your home loan switches to the adjustable rate?

Asked by: 2179 views ,
Home Loan

My home loan goes into an adjustable rate in June of next year. I am wondering what to expect. I currently have a so-so rate… with interest rates dropping or staying the same, what will my adjustable rate do if the market stays like it is now?

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    your monthly payment goes up next June, starting January of 2008 I would start looking for a fixed rate. You should
    have (or establishing) an excellent payment history. Don’t be
    late and don’t pay less.

    Ask M - Aug 30, 2012 | Reply

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