ARM

ARM, or adjustable rate mortgages, allow for a fixed rate for a predetermined number of years, and then the interest fluctuates when that time expires to coincide with current market rates. There is a limit on how high and how low an ARM online mortgage loan rate can fluctuate (usually 2-3 percentage points), but there is a strong element of risk. The best candidates for ARM online mortgage loans are those that plan on selling the property within a predetermined number of years, or those that are making a home purchase when current fixed rates are abnormally high.