Finance Strategists on MSN

What adjustable-rate mortgages might mean, plus the pros and cons

Learn about Adjustable-Rate Mortgages, including their definition, types, components, and pros & cons. Discover tips on how ...

Fixed vs. adjustable-rate mortgages: Which is better for buying a home?

Pros. Principal balance is reduced relatively rapidly compared with longer-term loans. The 15-year fixed-rate loan permits you to own your home debt-free in half the time, and for less than half the ...