The Rise of Adjustable-Rate Mortgage (ARM)
Adjustable-rate mortgages (ARMs) are becoming more popular as they offer interest rates that can vary over time, unlike fixed-rate mortgages which have a constant rate throughout the term. While ARMs can benefit borrowers when interest rates fall, they also pose the risk of increased payments if rates rise, making it crucial to understand how these fluctuations impact both interest and principal payments. Learn more.
