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  2. Pros and cons of an adjustable-rate mortgage (ARM) - AOL

    www.aol.com/finance/pros-cons-adjustable-rate...

    An adjustable-rate mortgage (ARM) has an initial fixed interest rate period, typically for three, five, seven or 10 years. Once that period ends, the interest rate adjusts at preset times for the ...

  3. Adjustable-rate mortgages: What they are and how they work - AOL

    www.aol.com/finance/adjustable-rate-mortgages...

    10/6 and 10/1 ARMs: 10/6 and 10/1 ARMs have a fixed intro rate for the first 10 years of the mortgage, then move to an adjustable rate for the remaining 20 years. 10/6 ARMs adjust every six months ...

  4. Fixed vs. adjustable-rate mortgage (ARM): What’s the ... - AOL

    www.aol.com/finance/fixed-vs-adjustable-rate...

    How adjustable-rate mortgages (ARMs) work. An adjustable-rate mortgage has an interest rate that changes at set intervals after a fixed-rate introductory period. Intro periods are most commonly ...

  5. Guide to FHA adjustable-rate mortgages - AOL

    www.aol.com/finance/guide-fha-adjustable-rate...

    An adjustable-rate mortgage, or ARM, is a type of home loan with an interest rate that changes over time. It has a lower fixed rate at the start of the repayment period, which usually lasts three ...

  6. Adjustable-rate mortgages are making a comeback - AOL

    www.aol.com/adjustable-rate-mortgages-making...

    Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed ...

  7. Housing: Adjustable-rate mortgages are coming back - AOL

    www.aol.com/finance/housing-adjustable-rate...

    By comparison, the average 5/1 adjustable-rate mortgage stood at 3.98% last week. Historically, ARMs have been an attractive alternative for borrowers looking for a lower initial rate when ...

  8. How to refinance your ARM into a fixed-rate mortgage - AOL

    www.aol.com/finance/refinance-arm-fixed-rate...

    At a glance: ARM vs. fixed-rate mortgage. Adjustable-rate mortgage. Fixed-rate mortgage. Down payment. Typically 3.5% to 20%. Typically 3% to 20%. Initial interest rate. May be lower or higher for ...

  9. What is a 5/1 adjustable-rate mortgage (ARM)? - AOL

    www.aol.com/finance/5-1-adjustable-rate-mortgage...

    5/1 ARM vs. fixed-rate mortgage: The introductory fixed rate on a 5/1 ARM is often considerably lower than the one on a 30-year fixed-rate loan. That translates to a lower monthly payment, at ...

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