Carteret Mortgage to mandate signed option ARM disclosuresMortgagePress.comOption ARMs
Carteret Mortgage Corporation has announced that it will soon be
mandating that all option adjustable-rate mortgage (ARM) applicants
receive and sign a company-designed disclosure statement that will
clearly explain negative amortization and its potential to increase
the principal balance of the mortgage.
Carteret Mortgage Corporation is a privately held mortgage
brokerage based in Centreville, Va. For more information, call
(877) 227-8373 or visit www.carteretmortgage.com.