An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed ...

Read Next: How Middle-Class Earners Are Quietly Becoming Millionaires — and How You Can, Too The initial interest rate on an ARM is usually less than that of a fixed-rate mortgage — a plus for ...

For now at least... An adjustable-rate mortgage (“ARM”) is a mortgage loan with an adjustable interest rate. The adjustments are made to the mortgage rate on a periodic basis and can be as ...

Once ARMs start to adjust, their rates may end up higher than those on a fixed-rate mortgage. Pros and cons of adjustable-rate mortgages Adjustable-rate mortgages aren't for everyone, but they can ...

Graduated Payment Mortgage vs. Adjustable-Rate Mortgage Though a graduated payment mortgage may seem like an adjustable-rate mortgage (ARM), it is not the same. An adjustable-rate mortgage ...

You'll need to decide between a conventional or government-backed loan, and a fixed- or adjustable-rate mortgage ... all with different requirements, pros, and cons. Some are easier to qualify ...

Unlike a fixed-rate mortgage, which carries the same ... You need to take the time to consider the pros and cons before choosing this option. ARM lenders generally require a debt-to-income ...