Do you still have an ARM mortgage rate? Did you know that your monthly payments could more than double once your initial 'teaser' rate is over? Are you ready for a higher mortgage payment? What if the value of your house drops?

If you are worried about your ARM mortgage you should fix your rate as soon as possible, especially while home values are still high and mortgage rates are low.

If you can't refinance into a fixed mortgage, try a 5 year ARM.