Transcription of Consumer Handbook on Adjustable Rate Mortgages (ARM)
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Consumer Handbook on Adjustable Rate Mortgages (ARM) | 1 The Federal Reserve Board and the Office of Thrift Supervi-sion prepared this booklet on Adjustable -rate Mortgages (ARMs) in response to a request from the House Com mittee on Banking, Finance and Urban Affairs (currently, the Commit-tee on Financial Services) and in consultation with many other agencies and trade and con-sumer groups. It is designed to help consumers understand an important and complex mort-gage option available to believe a fully informed Consumer is in the best position to make a sound economic choice. If you are buying a home and look-ing for a home loan, this booklet will provide useful basic information about ARMs. It cannot provide all the answers you will need, but we believe it is a good starting 16/20/2005 9:35:44 AM6/20/2005 9:35:44 AM2 | Consumer Handbook on Adjustable Rate Mortgages (ARM)People are asking.
Consumer Handbook on Adjustable Rate Mortgages (ARM) | 3 Mortgages have changed, and so have the questions that con-sumers need to ask and have answered.
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