MortgagesTypes of MortgagesAdjustable Rate Mortgage

Adjustable Rate Mortgage

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What Is a 7/6 ARM? 

As a current or prospective home buyer, you know that every new home comes with different mortgage needs. Depending on your financial and real estate goals, you might look for alternatives to the standard 15- or 30-year fixed-rate mortgage to get the most from your money. That’s where adjustable-rate mortgages (ARMs) come in. In this...

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What Is a 5/6 ARM Loan?

When it comes to mortgages, there is no one-size-fits-all solution. But there are lots of options. And your job as a borrower is to understand all your options. When you apply for financing to buy a home, an adjustable-rate mortgage (ARM loan or ARM) may be one of your options. And a 5/6 ARM is...

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What Is a 10/1 ARM and How Does It Work?

Whether you’re buying your first home or already have some experience as a homeowner, no mortgage experience is quite the same. With such a variety of mortgages to pick from, each with its own type, terms and rates, it’s no surprise that shopping for one can be an overwhelming process. A 10-year adjustable-rate mortgage (10/1...

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Real Estate Agent Commission: What Are the Fees I Should Know About?

Selling a home can be a tricky process to navigate. But thankfully, there’s someone you can lean on every step of the way. One of the most important people you’ll recruit for your team is a real estate agent. Think of your agent as your coach, cheerleader and quarterback all rolled into one! The right...

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What Is a 5/1 ARM and Is It a Good Idea?

When you’re looking for a mortgage loan, you’ll often be offered a choice between a fixed-rate mortgage and an adjustable-rate mortgage (ARM).  While there are many different types of ARM loans, the 5/1 ARM is among the most popular, usually offering lower interest rates in comparison to 30-year fixed-rate mortgages. But what is a 5/1...

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Man opening boxes in his apartment wondering what adjustable rate mortgages are

What Is an Adjustable-Rate Mortgage?

Starting a new life chapter often comes with big decisions and a lot of paperwork. One of the most important choices you’ll have to make is what kind of home loan you want. Whether you’re a first-time home buyer or looking to refinance, there are many loan options available. But one type of loan that...

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