Adjustable-rate mortgages are home loans with an interest rate that changes over time. This type of home loan can be risky, but with a lower initial interest rate than fixed-rate mortgages, adjustable-rate mortgages can be a good option if you plan to sell or refinance within a few years, before the lower interest rate adjusts.
The right home loan can deliver thousands of dollars in savings. This guide can help you understand adjustable-rate mortgages and find the right lender for your homebuying needs.
- What is an adjustable-rate mortgage?
- How do adjustable-rate mortgages work?
- When does an adjustable-rate mortgage make sense?
- How can you choose the best adjustable-rate mortgage lender?