ARM

adjustable rate mortgage

Considering An Adjustable-Rate Mortgage? Here’s When They May Be the Best Fit

By Aly Yale / November 20, 2018
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With interest rates up slightly in recent months, many potential homebuyers are shying away from fixed-rate mortgages and looking toward adjustable-rate ones (also called ARMs) instead. ARMs typically come with lower interest rates — at least at the start of…

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Adjustable Mortgage Rates – Pros and Cons

By Austin White / April 24, 2014
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With home loan interest rates at an historic low, many people are rethinking the adjustable rate mortgage. This type of mortgage rate, which is commonly abbreviated as ARM, comes in a few different flavors. Unlike fixed mortgage rates, they fluctuate over time. The majority of homeowners – roughly seven out of ten, according to Bankrate.com – prefer fixed rates for this reason. Although they have traditionally gotten a lot of bad press, ARMs might be worth a second look. At the very least, it is good to familiarize yourself with the pros and cons of the adjustable rate mortgage.

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