Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...
An adjustable-rate mortgage, or ARM, is a type of home loan with an interest rate that can change over time. Most ARMs have rate caps that limit how much rates can fluctuate when they adjust. The vast ...