Category: Adjustable-Rate Mortgage

What is an Adjustable-Rate Mortgage?

What is an Adjustable-Rate Mortgage?

Today’s Post seems like a really straight forward question, doesn’t it?  What is an adjustable-rate mortgage?  The Federal Reserve provides the following explanation: “An adjustable-rate mortgage (ARM) is a loan with an interest rate that changes.” (1) End of the Post, right?  Not really. The broader category of mortgages is extensive in itself.  But break it […]

October 24, 2013 | By More