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Adjustable-Rate Mortgages and Options

Mortgage rate terms for ARMs, option ARMs, variable-rate mortgages, variable-rate loans, and adjustment dates.

This section groups mortgage terms where the interest rate or payment can change after origination.

Use it to compare ordinary adjustable-rate mortgages, option ARMs, variable-rate loans, and payment adjustment timing.

In this section

Adjustable-Rate Mortgage (ARM): Meaning and Example
Learn what an adjustable-rate mortgage is, how resets work, and why payment risk matters after the initial fixed period ends.
Option Adjustable-Rate Mortgage (Option ARM): A Mortgage With Flexible Payments and Negative-Amortization Risk
Learn what an option ARM is, how the payment choices work, why negative amortization can occur, and why these mortgages became notorious in stressed housing markets.
Payment Adjustment Date: Definition and Explanation
The Payment Adjustment Date is the specific day when the interest rate on an Adjustable-Rate Mortgage (ARM) can be adjusted, impacting the monthly mortgage payments.
Variable Rate Mortgage: Benefits, Downsides, and Key Insights
'A variable rate mortgage is a type of home loan in which the interest
Variable-Rate Loan: A Loan Whose Interest Cost Changes with Market Rates
Learn what a variable-rate loan is, how index-plus-margin pricing works,

Revised on Monday, May 18, 2026

Hybrid ARMs

Browse Mortgages and Real Estate Finance

Adjustable-Rate Mortgages and Options

In this section