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Investopedia / NoNo Flores A flexible payment ARM was a type of adjustable-rate mortgage (ARM) that allowed the borrower to select from different payment options each month. Common in the early ...

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When you buy a home, you'll choose between two basic types of mortgages: a fixed-rate mortgage and an adjustable-rate mortgage, or ARM. Here's what to know about ARMs — and when you might want ...

If you're looking to finance a home purchase, you've probably seen options for adjustable-rate mortgages (ARMs). ARMs are a popular choice, especially for borrowers hoping mortgage rates will go down.

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Donna is also an expert in personal finance and investing topics. FreshSplash/Getty Images Adjustable-rate mortgages (ARMs) can save borrowers money in interest over the short to medium term.

Terms may apply to offers listed on this page. Home buyers have a choice of fixed or adjustable-rate mortgages. A 5/1 ARM is one of the more popular types of adjustable-rate mortgages. With this ...

An adjustable-rate mortgage, or ARM, is a type of home loan with an interest rate that can change over time. Most ARMs have rate caps that limit how much rates can fluctuate when they adjust.