Image by Getty Images via @daylife Many persons who opted for an adjustable rate mortgages at the beginning of the housing bubble found their installment rising beyond their monthly income as interest rates rose. Not surprisingly, such individuals struggled to dispose of the property and repay the home. The prospect of foreclosure was imminent and many persons even faced the risk of bankruptcy before overcoming the problem. One cannot be blamed for being disinterested about house purchase if one has faced such an experience in the past. However, it is important to learn from … [Read more...]