A reader contributes the link to a website for assessing the costs associated with Option ARMS.
Q: Just read your article on “Option ARMS” in the Seattle Times this morning.
Are you aware of the following free calculator on the web? http://www.compareloans.com/CompareLoansCalcs/FlexiblePaymentARM/FlexiblePaymentARM.asp
A: Thanks for sharing this calculator with readers. It helps you assess the true costs associated with Option ARMS.
Published: Sept. 15, 2005