rate to determine the fully indexed interest rate of an adjustable-rate mortgage (ARM). ARMs are one of the most common variable-rate credit products offered in the primary lending market.

You’ll typically need a down payment of at least 3% to 5% for a conventional ARM loan. Don’t forget that a down payment of less than 20% will require you to pay private mortgage insurance (PMI).

Adjustable rate mortgages can save you money upfront—find out how they work and what risks to consider before applying.

While many choose 30-year fixed-rate conventional loans, adjustable-rate mortgages (ARMs) could be a smart alternative. But is an ARM loan the right choice this month? We asked lending ...

A fixed rate stays the same for the life of the loan, while an adjustable rate can change periodically. Fixed rates are popular for their predictability. ARMs have more risk, but they can also ...

Adjustable-rate mortgages, or ARMs, are home loans with fluctuating interest rates. The main difference between adjustable- and fixed-rate mortgages is that fixed-rate mortgages keep the same rate ...