PFB Law, Professional Association - St. Paul Business Law And Estate Planning Lawyer" class="brand-image"/>
St. Paul: 651-968-1022
Toll Free: 866-561-3419
Practice Areas

December 2018 Archives

Take care with adjustable rate mortgages

You're excited to purchase your first home, especially because after a long search, you've finally found one you want. You've finally obtained a mortgage you can afford. The problem is, the mortgage is what's called an "adjustable rate" mortgage, i.e., it's a "ballooning mortgage." You can afford the mortgage now, but in a few years, you won't be able to afford it once your monthly payment obligation goes up.