Overview:
This official handbook is designed to help Spanish speaking consumers understand this important and complex mortgage option. The Spanish-language version is a great way to communicate with your Spanish-speaking customers.
The Consumer Handbook on Adjustable Rate Mortgages (CHARM booklet) explains the basic features of adjustable rate mortgages (ARMs), discusses various types of ARMs and provides resources to obtain more information.
Content:
This revised version of the CHARM booklet was required on October 1, 2007. The revised version includes information about interest-only loans, descriptions of typical ARM loans and more.
Topics Covered Include:
• What Is an ARM?
• How ARMS Work: the Basic Features
• Types of ARMs
• Consumer Cautions
• Where to Get Information
• Mortgage Shopping Worksheet
• Glossary
• List of Resources for More Information
