Adjustable rate mortgages can save you money upfront—find out how they work and what risks to consider before applying.

Kofi has a 7.25% fixed-rate mortgage but was recently offered a “teaser” 6.2% 5/1 adjustable rate mortgage (ARM). He’s 30 ...

These are today's mortgage and refinance rates. Mortgage rates have trended up amid uncertainty around the Trump ...

Atlantic Union Bank is opening a new branch in Woodbridge and provides information on how to pick the right mortgage for your ...

You’ll typically need a down payment of at least 3% to 5% for a conventional ARM loan. Don’t forget that a down payment of less than 20% will require you to pay private mortgage insurance (PMI).

rate to determine the fully indexed interest rate of an adjustable-rate mortgage (ARM). ARMs are one of the most common variable-rate credit products offered in the primary lending market.

The difference between a fixed-rate and an adjustable-rate mortgage Most mortgages are offered as a fixed-rate loan, with an interest rate that remains static, or as an adjustable-rate mortgage ...

To understand why your payment increased, take a look at the components of a mortgage payment that might change. Your payment might go up if you have an adjustable-rate mortgage. Once the loan’s ...

Refinancing a home could help you achieve short- and long-term goals. But in many cases, refinancing isn't the only or best choice. When deciding if the disadvantages of refinancing a home ...

The monthly payment on an adjustable-rate mortgage can increase if the loan's interest rate goes up. Once the introductory fixed rate expires, ARM rates are subject to movements in financial markets.