Types of Adjustable Rate Mortgages – Watch-It Wednesday

Good afternoon, Zingers! Welcome to our brand spankin' new blog and our first installment of Watch-It Wednesday - ZING Edition! It's the same weekly video blog you came to know and love on Quicken Loans Mortgage News! We receive a lot of questions about the types of adjustable rate mortgages we offer so we went to Quicken Loans President, Jay Farner, for some answers. Not only does Jay provide valuable insight into the types of adjustable rate mortgages that Quicken Loans offers, but he also debunks some of the myths surrounding this mortgage. It turns out that ARMs are actually more popular than you may think. Take it away, Jay: ARM Explanation Quicken Loans Commercials Jay Farner If you can’t see the embedded video, watch our Adjustable Rate Mortgages Explained video here. Got something to say? We'd love to hear from you! Email us at content@quickenloans.com and we just might feature your question or comments in an upcoming blog post! Video Transcription: Hi, I’m Jay Farner – President of Quicken Loans, and I’m here today to tell you about a mortgage that’s a great option for many people. It’s called an adjustable rate mortgage, or an ARM, and I’ve had an ARM on my home for years. Now, that might surprise you. In fact, I’ve talked to many clients who initially have a concern when we begin discussing an adjustable rate mortgage. They’re not sure if it’s safe, or if it’s the right loan for their situation. So you might…

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