Adjustable rate mortgage tips
Learn why some buyers opt for a loan with a changing mortgage rate
What is an adjustable-rate mortgage (ARM)?
Learn how an adjustable-rate mortgage works, how ARM rates adjust, and when one may fit your home loan plans. Compare options and start your application today.
Adjustable mortgage rates: A guide to your first reset
Adjustable mortgage rates can affect the monthly payment and interest costs. Learn what happens when your ARM adjusts and how to prepare for your first reset.
5/1 ARM loan: How it works, pros and cons
Learn how a 5/1 ARM loan works, when it may save money and what risks to compare before you apply. Review pros, cons and payment factors today.
Featured resources
5-minute read
7/6 ARM: Definition and how it works
Learn what a 7/6 ARM is, how rates adjust after 7 years, the pros and cons, and when this adjustable mortgage could fit your homebuying plans. Start today.
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8-minute read
Are adjustable-rate mortgages bad if you plan to sell soon?
Are you wondering, "Are adjustable-rate mortgages bad for my short-term ownership plans?" Find out whether an ARM is worth it and see a year-by-year breakdown.
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4-minute read
Can you get an ARM for an investment property?
Adjustable-rate mortgages have pros and cons for investors. You may benefit from a lower rate at first, but non-owner-occupied rates are still higher.
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7-minute read
5/1 vs. 7/6 vs. 10/6 adjustable-rate loans: A guide
When buying a home with an adjustable-rate loan, the reset schedule will affect your budget. Learn how 5/1, 7/6, and 10/6 ARMs differ and which might suit you.
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5-minute read
Secured Overnight Financing Rate defined and explained
What is SOFR, and how does it affect your mortgage interest rate? Learn more about how lenders use the Secured Overnight Financing Rate to set interest rates.
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