An FHA adjustable rate mortgage (ARM) can offer borrowers the benefit of a lower rate compared to a standard fixed rate mortgage. The lower rates on FHA ARM mortgages, however, do present the borrower with the risk that the interest rate may rise when the ARM mortgage rate adjusts. There are circumstances under which the […]
Different Types of FHA Adjustable Rate Mortgages Offer Choices For Borrowers
June 16, 2011 Filed Under: Benefits of FHA Mortgage, FHA Adjustable Rate Mortgages
Factors That Affect Rate Changes On FHA Adjustable Rate Mortgages
June 16, 2011 Filed Under: FHA Adjustable Rate Mortgages, FHA Mortgage Basics
The FHA offers a variety of different adjustable rate mortgage (ARM) programs (see Different Types of FHA Adjustable Rate Mortgages). Each borrower has unique needs to consider when deciding whether to take an FHA ARM or an FHA fixed rate mortgage product. Both the fixed and adjustable rate mortgages have benefits and risks and a […]
FHA Adjustable Rate Mortgages (ARM) Offer Benefits and Risks
June 16, 2011 Filed Under: FHA Adjustable Rate Mortgages, FHA Mortgage Basics
The FHA offers a variety of adjustable rate mortgages. An adjustable rate mortgage is known as an ARM and the rate will vary over the life of the loan. A fixed rate FHA mortgage has a rate that remains unchanged for the life of the loan. The rate on an ARM is lower than a […]