Adjustable Rate Mortgages get a bad reputation in the investing community. But do they desire all the hate and discontent?

Yes, yes, they do. For 97% of homebuyers, ARMs are a lousy solution to any problem. They create far more pain than they prevent.

Once the "teaser" rate on an ARM expires, the loan can adjust the interest rate every year. And in some cases, every six months.

Can you imagine your mortgage interest payment shifting every year? It is chaos. In some situations, when investors have cash upfront, an ARM can prove valuable.

However, for the average homebuyer (including myself), ARMs are terrible nightmares waiting to unfold. Stay away and find a different route. Good Luck!