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

An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed interest rates at their onset, but often become more costly after the rate starts ...

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 ...

Adjustable-rate mortgages, aka ARMs, are the bad boys of home financing. And most financial advisers will warn you to steer clear. Sure, your payments will be sweet and low for the initial three-, ...

In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

Adjustable-rate mortgages, or ARMs, may sound risky -- after all, your payments can increase or decrease based on interest rates, which are out of your control. However, in some cases, choosing an ARM ...