Rosemount
REAL ESTATE
Minnesota Homeowner Hit With MASSIVE Mortgage Payment Hike: Are YOU Next?!
BLOOMINGTON, MN – Trevor Richards, an IT consultant from Bloomington, Minnesota, is among the many homeowners facing a financial dilemma. When he refinanced his home with an adjustable-rate mortgage (ARM) in 2017, he enjoyed the benefits of a low introductory rate. But now, as interest rates rise, Trevor’s monthly payments are set to increase by $1,500.
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