Adjustable rate mortgage tips

Learn why some buyers opt for a loan with a changing mortgage rate

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Featured resources

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7-minute read

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.

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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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8-minute read

5/1 ARM loan: Everything you need to know

A 5/1 ARM offers home buyers a low introductory interest rate for the first 5 years of their loan. Learn more about how a 5-year ARM loan could work for you.

Couple signing documents and smiling, indicating a positive real estate transaction.

7-minute read

7/6 ARM: Definition and how it works

Are you looking for a lower initial interest rate and not planning on staying in your home long? A 7/6 ARM could be just the ticket for 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.