What is a 15 1 ARM mortgage? A 15/15 ARM offers a unique opportunity to secure a lower interest rate than a 30-year fixed rate mortgage for a longer period of time than most other adjustable-rate mortgages. ... If you plan on selling your home within the next few years, a 5/1 or 7/1 ARM may make more sense.
What are the disadvantages of home equity loans? Mortgage Guide One of the main disadvantages of home equity loans is that they require the property to be used... more
