ARMageddon
The term which best describes the financial disaster one faces when their adjustable rate mortgage (ARM) increases to the maximum rate.....
When Paul bought his first home he opted for an ARM.
However,when his rate skyrocketed as a result of the economic crisis he faced ARMageddon.
However,when his rate skyrocketed as a result of the economic crisis he faced ARMageddon.
ARMageddon by sheila in the car July 20, 2011
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