Adjustable Rate Mortgages
Find Today's
Leading Adjustable Rate Mortgage. Compare Adjustable
Rate Mortgages & Find The Right Mortgage For You.
An adjustable rate mortgage,
called an ARM for short, is a mortgage with
an interest rate that is linked to an economic
index. ARM's are also known as Variable Rate
Mortgages. The interest rate, and your
payments, are periodically adjusted up or down as
the index changes.
Adjustable Rate
Mortgages (ARMs) compared to fixed rate
mortgages, offer a lower interest rate to start, so
your monthly payments are generally lower. But, the
interest rate is adjusted at times, based on an
"index". Some of the more common indices include
United States Treasury Bills, California's 11th
District Cost of Funds and the London Interbank
Offered Rate (LIBOR). Every lender then adds a set
margin to that index. The result - Your payments
could go up or down, depending on the economy and
its resulting indicators.
Use one of our free Adjustable
Rate Mortgage
Calculators to compare different mortgages.
There are a number of companies who offer competitive
Adjustable Rate Mortgages. Remember to seek
professional financial advice before taking out any
adjustable rate or other mortgage.
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