– Adjustable rate mortgage can offer a lot of advantages for homebuyers. However, you should always be aware of the other side of the knife – especially now when interest rate is going up. What are the pros and cons of adjustable rate mortgage?
FHA Adjustable Rate Mortgage (ARM) Guidelines from New. – Editor’s note: This article outlines the basic requirements for FHA adjustable-rate mortgages. It is intended for lenders and borrowers alike.