Interest-Only Mortgage Payment and Payment-Option ARMs -- Are They for You?

 

Whether you are buying a house or refinancing your mortgage, this information can help you decide if an interest-only mortgage payment (an I-O mortgage)--or an adjustable-rate mortgage (ARM) with the option to make a minimum payment (a payment-option ARM)--is right for you.


Agency: Board of Governors of the Federal Reserve System


Agency:

Logo of the Board of Governors of the Federal Reserve System

Board of Governors of the Federal Reserve System

Related Topics:

, ,

Audience:

TELL A FRIEND