Adjustable Rate Mortgage Shock

In this episode, I'm diving deep into the world of variable or adjustable-rate mortgages. With interest rates hovering around 6-8% in 2024, I'm sharing my personal journey with a property I financed on a variable rate back in 2017. You'll see the staggering 52% increase in my payments and understand the potential risks involved. I also discuss strategies to mitigate these challenges, especially for larger portfolios. If you're considering adjustable-rate mortgages, this video is a must-watch to prepare yourself for what's possible. 00:00 Introduction and Overview 00:10 Understanding Variable Rate Mortgages 00:48 Personal Experience with Variable Rate Mortgages 01:13 The Impact of Rate Increases 02:28 Lessons Learned and Advice 04:12 Risk Assessment and Final Thoughts 06:23 Conclusion and Viewer Engagement ****************************************************************************** Subscribe to our channel for more Buy & Hold Real Estate Investor tips! https://www.youtube.com/c/EmersonPropertyManagementInc Check out our FREE Rental Property Tools for Investors! https://emersonpropertymanagement.com/free-guides Sign up for our weekly email packed with useful info for Investors! http://eepurl.com/g9plAX Be our Facebook friend! https://www.facebook.com/emersonpropertymanagementinc