Adjustable-Rate Mortgage (ARM) Basics: Interest Fluctuations, Rate Caps, Payment Adjustments

Overview In the realm of mortgages, the Adjustable-Rate Mortgage (ARM) stands as a dynamic alternative to its fixed-rate counterpart, offering a unique set of benefits and considerations. While fixed-rate mortgages boast stability with unchanging interest rates throughout the loan term, ARMs offer borrowers a different experience—one characterized by potential fluctuations in interest rates, governed by […]

Adjustable-Rate Mortgage (ARM) Basics: Interest Fluctuations, Rate Caps, Payment Adjustments Read More »