Adjustable Rate Mortgage Advice

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The speaker provides an overview on the important facets to be aware of on an adjustable rate mortgage (ARM).  He talks through the index which payments are tied to, such as US treasury or LIBOR.  Understanding the terms of the interest paymeThe speaker provides an overview on the important facets to be aware of on an adjustable rate mortgage (ARM).  He talks through the index which payments are tied to, such as US treasury or LIBOR.  Understanding the terms of the interest payments and rate is critical; does the loan have negative amortization?  What are the caps?  How long is the rate fixed for?

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