Mortgage payment increasing due to a rate change?

Refinance Your Adjustable Rate Mortgage (ARM) or Balloon Loan
As a homeowner, you’ve already made a wonderful investment in your future However, interest rates have been rising And if you’re facing an upcoming rate change on your ARM, your new monthly payment may be higher than you expected After all, short-term rates have risen over the past several months — and those are the rates used to make ARM adjustments The good news is that rates on fixed-rate mortgages have not gone up as much

123 Mortgage Solutions offers a variety of fixed-rate products:
Whether you have an ARM that has just recently been reset to a higher rate or just want a mortgage with a predictable monthly payment for the life of the loan, our fixed rate mortgages are a smart move

Fixed-rate mortgages offer:

Predictable payments The monthly principal and interest payment is fixed over the life of the loan

Protection from rising interest rates No matter how high market interest rates go, your mortgage rate remains the same over the life of your loan

Fixed-Rate Mortgage Alternative:
If you plan on staying in your home for less than 10 years, you can possibly save more by refinancing to one of our “Hybrid Dream Loan” ARM loans (www.123ms4u.com/HybridLoans ) These loans offer a secure, fixed rate for the initial five, seven or 10 years of your loan By selecting a hybrid ARM, you get protection from rising rates for only as long as you think you’ll need it, while having a smaller mortgage payment every month relative to a longer fixed-rate mortgage