A MAJOR PART OF THE NATIONWIDE FORECLOSURE DISASTER HAS BEEN CREATED BY THESE ARMS ADJUSTING AND ...MANY HOMEOWNERS TOOK OUT ADJUSTABLE RATE MORTGAGES OVER THE PAST 5 YEARS OR SO. DO YOU KNOW OF SOMEONE WHO HAS AN ADJUSTABLE RATE MORTGAGE. In looking for the mortgage that's right for you, make your choice based on the best mortgage terms a lender can offer you. Don't settle for anything else. If possible, you can ask for mortgage advice from experts, real estate agents, and even your friends who have recently bought a home.