What is an adjustable-rate mortgage? An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate on the loan varies with prevailing market rates. This means that, over time, the monthly payment amount may go up or down, depending on the current interest rates set by the Fed. ARMs are often used …
Many types of loans are available to consumers. It can be confusing to know which option is best for you. In this blog post, we will discuss amortized and interest-only payment schedules, and the benefits of each. We’ll also explore alternative mortgage loan options. So, whether you are looking to buy a home, refinance your …
Types of Loans & Alternative Mortgage Loan Options Read More »
