In the interest-only phase, you make smaller payments, usually for a period of three to 10 years, that include only interest.

Shopping around for a mortgage can get confusing quickly. While fixed-rate mortgages are pretty straightforward (the interest rate is "fixed" throughout the duration of the loan), adjustable rate ...

A fresh Monday update on average mortgage rates is steering home shoppers to look closely at adjustable-rate mortgages as the ...

Discover what a variable-rate mortgage is, how it works, and the benefits and risks involved. Learn how rates adjust and what ...

Adjustable-rate mortgages, or ARMs, are home loans with fluctuating interest rates. The main difference between adjustable- and fixed-rate mortgages is that fixed-rate mortgages keep the same rate for ...

ARMs are at their highest levels since 2008 — yet while post-crisis reforms made them less predatory, they aren’t without ...

Adjustable-rate mortgages made headlines in 2008 for being a factor in the housing crisis. Since the pandemic, these loans ...

ATLANTA — The number of homeowners seeking to refinance their homes has surged by 60% from last week, according to the Mortgage Bankers Association. Channel 2 consumer investigative reporter Justin ...

A hybrid mortgage combines the stability of a fixed-rate mortgage with the flexibility of an adjustable-rate mortgage (ARM). This type of mortgage offers a fixed interest rate for an initial period, ...

The best uses for this type of loan aren't short-term, optional purchases. They can help you reduce more costly debt or pay for an investment, but If you're using them for a shopping spree or vacation ...