Continue to be a prudent consumer with your rental properties.

If you take your lender at face value when he notifies you of a change in your adjustable mortgage, you could be making a costly mistake. There have been enough reports of errors in adjustments to indicate that there are real problems taking place in the administration of the ARMS, especially with the earlier and more complicated variety. Borrowers would be wise to make certain that lenders are calculating their loans properly Massachusetts department of banks, which has uncovered a wide variety of miscalculated adjustments says, My message is, has been, and will continue to be, that as a good consumer, you should work the figures yourself just like you balance your checkbook. And if you don't get the same number, go in and ask.