ARM

An adjustable-rate mortgage (ARM) is a home loan that starts with a fixed interest rate for a set period—often 5, 7, or 10 years—then adjusts periodically based on market rates.…

Unlike most people, I love ARMs, or adjustable-rate mortgages. Adjustable-rate mortgages have helped me save over $300,000 in mortgage interest expense since 2005 compared to if I had taken out…

About once a month, I get an email or comment from a reader criticizing adjustable-rate mortgages (ARMs) as a poor financial choice. Since I’ve been a proponent of ARMs since…