QUESTION: Is an ARM (adjustable rate mortgage) a dangerous product?
February 15, 2019
QUESTION: How long do I have to wait until I refinance my new mortgage?
February 15, 2019

QUESTION: When does an ARM (adjustable rate mortgage) start adjusting?

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ARM loans come with different terms. The initial period is normally from 1 to 10 years. ARM loans are fixed at the start rate for that period. After that initial term is when the rate can change. The least risky ARM loan would be a 10 year since the rate would be fixed for 10 years and then it would adjust. The highest rate risk ARM would be a one year since it would adjust after one year.

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