How a 5/1 ARM Loan Works: Advantages & Disadvantages

When shopping for a mortgage loan, you will eventually have to choose between a fixed-rate mortgage (FRM) and an adjustable-rate mortgage (ARM). Both products have certain pros and cons associated with them. Additionally, there are different sub-categories within these two top-level categories. This article focuses on the 5/1 ARM loan in particular. This product is […]