Get Rid of that ARM NOW!

Get rid of your Adjustable Rate Mortgage (ARM)now!

Some people are still using words like "transitory" and "temporary" to describe recent inflation and I think they are discounting the basic wage inflation necessary to survive.

Starbucks now has an average wage of over $17 per hour, in 2016 it was $9.43.The barista needs that to pay for the $20 cheeseburger or the $75 gas fill up .Supply chain issues and government spending will exacerbate price issues and all costs will go UP!

Many ARMs are based on a disappearing LIBOR index and the level of uncertainty is greater than ever before.

I remember doing mortgages when the Prime Rate was 21.5 and 16.5% was the cheapest money available to homeowners.

Everyone should be looking at converting high risk ARMS to low risk fixed rate mortgages NOW!