Consumer Handbook on Adjustable-Rate Mortgages (ARM)

This official handbook from The Federal Reserve Board and the Consumer Financial Protection Bureau provides consumers with an overview of Adjustable-Rate Mortgages (ARMs), explains how ARMs work and discusses some of the issues borrowers my face. Includes: Ways to reduce the risks associated with ARMs; Pointers about advertising and other sources of information, such as lenders and other trusted advisers; A glossary of important ARM terms; A worksheet that can help you ask the right questions and figure out whether an ARM is right for you.