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Option ARMs are the new subprime. Option ARMs stand for “payment-option adjustable-rate mortgages” – so-called because the rate paid on the mortgage varies with the market, but the total payment can be adjusted by the borrower according to his or her needs. How’s that for a sweet deal? It’s good right now, because interest rates [...]
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This is a guest post from Wojciech Kulicki, the writer behind the personal finance blog Fiscal Fizzle. If you enjoyed this post, please consider subscribing to his feed.
First, let me say that it’s a pleasure to share this post with MoneyEnergy readers. I’ve been a regular reader for some time, and the posts here are [...]
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