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Adjustable Rate Mortgages
An adjustable rate mortgage, ARM, is a mortgage that has a varying interest rate on the note. The interest rate on the mortgage periodically adjusts based on an index. Because of the varying interest rate, borrowers may notice their payments changing over time. Adjustable rate mortgages are sometimes confused with graduated payment mortgages. With a graduated payment mortgage the interest rate remains fixed while the payment amounts change. With adju... Read more
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    Asking to Raise Credit Limits Can Lower Credit Scores
    One of the quickest methods to raise your credit scores is to just increase the credit limits on your credit cards. As long as you avoid temptation, and don't max out your new limits! What is the best way to request a higher credit limit? There's a smart way to do it and a not-so-smart way. Asking for the Credit Limit Increase Were you aware that when we ask for a higher credit limit, our credit score rating can actually go decrease? The ki... Read more

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