ARM And (Not) A Leg

Adjustible rate mortgages have largely fallen out of favor these days. Blamed for the mortgage crisis and, by extension, the financial crisis, ARMs are suddenly viewed as risky propositions. This after years of popularity. Indeed, ARMs are the reason many people were able to be come homeowners in the first place.

These mortgages continue to make sense for a lot of people. If you're thinking about buying or refi-ing, don't rule them out automatically. This Times article (courtesy of SFGate.com) give a measured evaluation of the benefits of this loan propduct.