Neptune City, New Jersey – April 4, 2023 – As interest rates continue to climb, many distressed homeowners are feeling the financial strain. Higher interest rates mean higher borrowing costs, which can lead to difficulty in making mortgage payments and even foreclosure. In this blog post, we'll explore how rising interest rates are affecting distressed homeowners and what they can do to manage their finances. The Impact of Rising Interest Rates on Distressed Homeowner For homeowners with adjustable-rate mortgages (ARMs), rising interest rates can lead to significant increases in their monthly payments. ARMs typically have lower initial interest rates that adjust over time based on market Continue Reading about How Rising Interest Rates Affect Distressed Homeowners