As adjustable rate mortgages continue to rise, along with the price of fuel and just about everything else, more people are struggling to make ends meet. Many people who opted for adjustable rate mortgages when purchasing or refinancing their homes have experienced a tremendous increase in payments and they simply cannot afford it. Now the U.S. is in a home foreclosure crisis.

If you're planning to buy a home today, you're in luck. The current U.S. home foreclosure dilemma has dropped an overwhelming number of houses on the market. Home buyers are finding it harder to get home loans approved as qualifications are stiffened. This has resulted in a decrease in the prices of existing homes for sale, so it is a buyers' market, if you can get a loan approved.

But before applying for a home loan, be certain you can get a fixed rate. With a fixed rate of interest, you can find out how much your payments will be and can determine if you can afford them or not, today as well as tomorrow. Too many people have purchased homes with an adjustable rate of interest because the monthly payment amounts they were quoted at the time seemed more affordable. Yet, when the rates climbed, so did their payments. And the upwards trend of adjustable rates is expected to continue, so don't think that since rates are so high now, they will likely drop, resulting in a decrease in monthly payment amounts quoted.

If you already purchased a home with an adjustable mortgage rate and a reset hasn't hit you, consider refinancing now with a fixed rate of interest. Securing a loan is becoming harder with each passing day, and tomorrow you may be unable to get one.

There are a multitude of lenders awaiting your business, so shop around. Find one who will guarantee you the best interest rates available, and be certain they only offer you a fixed rate of interest. Your credit rating changes each time you apply for a loan, so don't apply for other types of loans before securing your home loan.

If you plan to purchase a home in Oklahoma or Texas, you might consider applying for a mortgage loan through the Home Loan Insider, Angelo Christian. Angelo is known in Texas for his passion for helping people get the lowest mortgage rates available, and he only offers loans with fixed rates. Whether you need a new home loan, mortgage refinance, reverse mortgage, construction loan or home equity cash out refinance, he will get the best deal available.

Good luck!