![](https://mykymortgage.com/wp-content/uploads/2020/12/filing-taxes.jpg)
Is An Adjustable Rate Mortgage the Best Choice?
While there are many types of mortgages, many borrowers choose a 30-year fixed-rate mortgage that provides fixed monthly payments for the life of the loan. But another option is an adjustable-rate mortgage (ARM), which typically begins with an interest rate that is fixed for a period of time—usually three to 10 years—and then adjusts based on an index (a benchmark