Option Arm Loan

3 Year Arm Rates With an adjustable rate mortgage (ARM), your interest rate may change periodically. compare adjustable-rate mortgage options and rates, including 5/1, 7/1 and 10/1 ARMs available from Bank of America.

For example, if you took out a variable rate or adjustable rate mortgage, the loan rate might be fixed. If you cannot afford for your payments to go up at all, then a fixed-rate loan is also the.

History of the Option ARM; Structural Features of the Golden West Option ARM . History of the Option ARM . Late in the first phase of the savings and loan debacle in May 1981, federal home loan bank board chairman Richard Pratt authorized federal thrifts to originate a mortgage product other