Adjustable rate mortgages (ARMs) make homeownership more accessible for some borrowers. They offer the advantage of a lower interest rate for an introductory period, making the monthly mortgage ...

Discover what a variable-rate mortgage is, how it works, and the benefits and risks involved. Learn how rates adjust and what ...

When you get a mortgage, you have a choice to make: Do you want a fixed interest rate or one that can change — possibly even move downward — at some point? That's the key difference between fixed-rate ...

Today's homebuyers face a tough market. Mortgage rates hover between 6% and 7% currently, while home prices stay stubbornly high. This combination has pushed homeownership out of reach for many ...

A convertible ARM includes a clause that lets borrowers switch from an adjustable interest rate to a fixed one, usually for a fee. A convertible mortgage allows borrowers to take advantage of the ...

Adjustable-rate mortgages, or ARMs, can save you money when their starting rates are lower than fixed mortgages. In atypical economic conditions, ARM rates can be higher than fixed rates. When rates ...

Adjustable-rate mortgages (ARMs) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it. More than 7% of all mortgage applications last week ...

What Is a 5/1 ARM? (And Should You Get One To Snag a Lower Mortgage Rate?) Prospective homebuyers have been dealt a complicated hand in recent years. Mortgage rates are still high, home prices ...

With housing prices reaching generational highs, many borrowers are turning to adjustable-rate mortgages (ARMs) to afford their mortgage payments. These loans offer lower interest rates than ...

Adjustable-rate mortgage (ARM) loan requirements vary by the type of loan you get — whether conventional or government-backed — as well as the lender. You’ll need to meet credit score, debt-to-income ...

Your mortgage payment isn’t always a fixed amount, even with a fixed-rate loan. Your monthly bill can change due to increases in property taxes, homeowners insurance or other costs tied to your escrow ...