answersLogoWhite

0

An adjustable-rate mortgage (ARM) can offer lower initial interest rates compared to fixed-rate mortgages, potentially saving money in the short term. However, the interest rate can increase over time, leading to higher monthly payments and financial uncertainty.

User Avatar

AnswerBot

8mo ago

What else can I help you with?

Related Questions

What are the pros and cons of refinancing a mortgage versus choosing a home equity loan?

The pros of refinancing a mortgage versus choosing a home equity loan is that one does not need to pay that much interest. The cons is that it is not that easy to refinance a mortgage.


Where can one read about the pros and cons of a reverse mortgage?

One can read about the pros and cons of a reverse mortgage on real estate or banking websites. They offer information about the pros and cons of a reverse mortgage before the reader decides to register for a mortgage.


What are the pros and cons of a telemarketed mortgage lead?

Telemarketed mortgage leads have many pros, especially around providing specific targets, or "warm leads". However the cons are multitude, cold calling has got a bad name and many people are very "anti".


Where can I find information on reverse mortgage pros and cons?

There are several sources you can go to for information on the pros and cons of reverse mortgages. Time Magazine has written an article on this, and so has a site called, credit.com.


Pros and cons of jury selection?

what were the pros and cons for the nulification


What are the pros and cons of decreasing term life insurance?

The pros are that the payout can be customized to a decrasing financial obligation, such as a mortgage. The major con is that the premium doesn't fall as the benefit does.


What is pros and cons of the Oregon Trail?

pros an cons of the Oregon trail


What are the pros and cons of evidence based policing?

pros are + and cons are-


What are the pros and cons of monarchy?

pros: goodness cons: badness


List pros and cons of video games?

PROS CONS ----------------------------------------------------- Pros: Entertaining Cons: Mental conditions can be caused, Adicition, Expensive.


Pros and cons of pornography?

Cons? What Cons?


What exactly is a reverse home loan and what are the pros and cons?

There seem to be more pros or cons to a reverse mortgage, which is what this refers to. Basically, it lets you remain in your home while paying off your mortgage so you have no more monthly bill, Plus, your heirs still get to inherit your house and there are tax breaks. Cons - some fees and it could impact your ability to qualify for govt. assistance although not your SS or Medicare eligibility.

Trending Questions
How do you contact IRS about PM not deducted from your bank account for back taxes? How do I have the ira withdrawal from my social security? Juan takes home 4600 per month from his job as a business analyst. If his only debt obligations are a car loan payment of 690 and a mortgage payment of 860 every month is he in danger of credit overlo? Who are the richest people in Burundi? How much interest would you earn on 13 million pounds? How much would the Ponderosa be worth today? What happens to a company's stock when it gets acquired? What should you do if you have never had a loan but your credit report lists a collection marked 'Type of Loan - Factoring Company Account' and what is this? Can you sell a house in foreclosure? How much money for a bricklayer to lay 1000 bricks? How much is 1 carbon credit worth in us dollars? How do you calculate the actual labor rate when the standard rate is give? What are the features on a Youniverse Deluxe ATM bank machine? What is the value of a 1929 US 10 dollar bill from the National Bank and Trust Savings Association of San Fransisco CA? When is the profit or loss on an IPO realized in terms of Hot Issue Income FINRA 5130- Is it the price of the first trade or the close of day price? 8 What are your professional development goals for the coming year? How can I add money to a CD? What are some companies that offer secured personal credit loan for a bad credit? Is a Chapter 7 bankruptcy removed automatically from credit bureau reports after 10 years or is there something you have to do to have it removed? Are life insurance premiums deductible on year end taxes?