July 22, 2024

Different Types of FHA Adjustable Rate Mortgages Offer Choices For Borrowers

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 […]

Factors That Affect Rate Changes On FHA Adjustable Rate Mortgages

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 […]