Self Certification is the answer if you can not prove your earnings.

Fed Chairperson Alan Greenspan made it obvious in 2004 the Fed would be skyrocketing short-term rates at a "measured pace.

75% since June 2004 in an attempt to control inflation. The acquisition of mortgage-backed stocks drives IRs down.

This may have an affect on home owners with variable rate mortgages ( ARMs ) tied to indexes that are primarily based on short-term IRs. Even better, the rates being charged by mortgage banks don't even differ to those being charged to people who can prove their earnings.

Mark Harrison is the Handling Director of Capital Mortgage Solutions, a mortgage expert. This may have an affect on home owners with variable rate mortgages ( ARMs ) tied to indexes that are based on short-term IRs. But don't forget, when an ARM adjusts, the new IR is a sum of the borrower's fixed margin and this rate of the index the mortgage is tied to.

Mical Johnson is associated with Rock Fiscal , Inc.