No. of Recommendations: 2
What is your current interest rate? Many ARM loans have a maximum amount they can adjust (either upward, downward, or both). Loans vary, and some may have the possibility of a large initial adjustment, then limited subsequent adjustments.

In any case, I would absolutely NOT wait until the adjustment takes place to call someone and inquire as to what's going on. I would be on the phone immediately if not sooner.

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