If you’re confident you’ll relocate or pay off your mortgage in 10 years or less, an adjustable-rate mortgage, or ARM, may be the best home loan option for you. There are big differences between an ARM and its counterpart, the fixed-rate mortgage, so make sure you’re solid on the details before you choose.
Adjustable-rate Mortgage: Is An Arm Right For You?
Beth Buczynski, NerdWallet.com
Fri, 04/19/2019 - 10:02am
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- What Is An Adjustable-Rate Mortgage? | Bankrate
An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that fluctuates periodically. This means that the monthly payments can go up or down. Generally, the...
04/20/2024 - 2:21 am | View Link - What Is An Adjustable-Rate Mortgage? – Forbes Advisor
What Is an Adjustable-Rate Mortgage? An ARM, sometimes called a variable-rate mortgage, is a mortgage with an interest rate that changes or fluctuates during your loan...
04/19/2024 - 8:23 pm | View Link - What is an ARM Loan?
An adjustable rate mortgage, or ARM, has an introductory interest rate that lasts for a set period of time and adjusts every six months thereafter for the remaining loan term. Introductory periods can range between three and 10 years and most ARMs have a 30-year term. ARMs are also known as a variable rate or floating rate mortgage.
04/19/2024 - 6:50 pm | View Link - Adjustable Rate Mortgages: How To Apply | Rocket Mortgage
An adjustable rate mortgage (ARM) can be a great home loan option for certain homeowners. Explore your ARM options from Rocket Mortgage – and apply today.
04/19/2024 - 3:30 pm | View Link - What Is An Adjustable-Rate Mortgage? | Rocket Mortgage
An adjustable-rate mortgage (ARM), also called a variable-rate mortgage, is a home loan with an interest rate that adjusts over time based on the market. ARMs typically have a lower initial interest rate than fixed-rate mortgages, so an ARM is a great option if your goal is to get the lowest possible mortgage rate starting out.
04/19/2024 - 12:09 pm | View Link - More
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