Click a question to jump right to the answer:
What are ARMs?
An adjustable rate mortgage (ARM) is loan with a variable interest rate that changes over the life of the loan. Usually an ARM starts at a set rate for a certain amount of time (for example, the first two years of the loan) and then the rate adjusts based on market indexes. We recommend that you meet with your financial advisor to see what type of mortgage loan is right for you.
