Adjustable rate mortgage (ARM)
A mortgage whose interest rate can change after an initial fixed period (e.g., 5/1 ARM: fixed for 5 years, then adjusts annually). Initial rates are often lower than fixed-rate loans. Learn more →
A mortgage whose interest rate can change after an initial fixed period (e.g., 5/1 ARM: fixed for 5 years, then adjusts annually). Initial rates are often lower than fixed-rate loans. Learn more →