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By Ariel Frogge

Understanding 7/6 ARM (Adjustable-Rate Mortgage)

For those interested in understanding what a 7/6 ARM is and whether it's the best option for their mortgage needs, this article explores the adjustable rate mortgage type. We'll start by examining the meaning behind each informally-named aspect of a 7/6 ARM - seven and six - to provide an overview of how these particular ARMs work, followed by outlining both their benefits and drawbacks. Finally, when considering if this type of loan is better suited than a fixed-rate mortgage or another adjus

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For those interested in understanding what a 7/6 ARM is and whether it's the best option for their mortgage needs, this article explores the adjustable rate mortgage type. We'll start by examining the meaning behind each informally-named aspect of a 7/6 ARM - seven and six - to provide an overview of how these particular ARMs work, followed by outl...
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