What Exactly Is an Adjustable Rate Mortgage?
If you’re in the world of real estate, you’ve probably heard of an adjustable rate mortgage, but it can seem like a pretty complicated concept at first. It’s really not hard, but most people need just a little help. Let’s talk a little about exactly what an adjustable rate mortgage is. The basics? An adjustable rate mortgage is really just what it says. The interest rate of the loan can go up and down over the course of the loan, rather than staying the same. Adjustable rate