New Jersey adjustable-rate mortgages
Are you short on buying power? If you are but still want a home and you think your income will increase soon, consider an adjustable-rate mortgage. Rates are low and fixed initially, which makes payments affordable. But then after 1, 3 or 5 years, interest rates become variable. They adjust, either up or down, depending on the movement of the financial index to which the mortgage is tied.
