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

A 10/1 adjustable-rate mortgage has a fixed interest rate for the first 10 years, then it changes annually for the remainder of the 30-year term. The interest rate on a 10/1 ARM is composed of a ...

FHA adjustable-rate mortgages (ARMs) are insured by the Federal Housing Administration and are available as either fixed-rate or adjustable mortgages. FHA ARM loans offer a low initial interest rate ...

Comparing a fixed-rate loan to an ARM may appear complex, but it can be simplified by understanding both types of financing. When considering homeownership, there are a lot of decisions to make. In ...