Twisting Your ARM: Your Loan, Your Credit Score and Your Options

When you purchased your home, it may have seemed like an adjustable-rate mortgage, commonly referred to as an ARM, was your saving grace. It was the one option that enabled someone in your modest financial situation to actually become a homeowner. By enabling you to pay small mortgage payments in the early years of home ownership, that ARM also bought you some time to get to where you wanted to be financially so you could