An adjustable-rate mortgage can lower your initial monthly payment and may fit if you plan to refinance, sell, or own the home for only a few years.
Unlike fixed-rate mortgages, the interest rate on an ARM can change periodically after the initial fixed period ends.
The initial interest rate is often lower than a fixed-rate mortgage, which can make an ARM worth considering if your timeline and risk tolerance fit.
15 minutes with Chris will tell you more than 15 articles online.