Adjustable-Rate Mortgages (ARMs) Explained

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Adjustable-rate mortgages (ARMs) are home loans with changing interest rates. For some first-time home buyers, an ARM is a better financing choice than a fixed-rate mortgage.

In this video we'll walk you through:
- What is an adjustable-rate mortgage (ARM)
- How ARMs work and what makes ARM interest rates change
- Analysis of ARM data from the last 20 years
- When ARMs are better than fixed-rate mortgages
- When to avoid using an ARM as a home buyer

TIMESTAMPS
0:00 Intro
0:18 What is an adjustable-rate mortgage (ARM)
1:04 Comparing ARMs to fixed-rate mortgages
1:47 When and how adjustable-rate mortgages adjust
2:34 How much ARM interest rates are allowed to change
3:48 Will my ARM interest rate go up or down?
4:34 The ARM Formula: What is the adjusted ARM mortgage rate today?
5:04 Data: How ARMs have adjusted for the last 20 years
5:24 Caps: The protective boundaries of ARMs
6:19 ARMs aren't toxic and ARM don't cause foreclosures
6:32 Data: ARM market share vs 30-year fixed mortgage rates
6:53 Why banks offer lower mortgage rates for ARMs vs fixeds
8:02 When to choose ARM over a fixed-rate mortgage
10:01 When to not choose the ARM feature of a mortgage
11:20 Mortgage advice on ARMs

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