Is my appraisal payment refundable?

An adjustable-rate mortgage (ARM) is a loan that offers an initial period of fixed interest that then resets at a specified interval. Typically, you'll see an ARM expressed as two numbers. For example, a 5/1 ARM has a fixed interest rate for the first 5 years that then adjusts based on market rates every year after that. An ARM tends to have a lower initial interest rate than a fixed-rate mortgage. However, it does come with a certain amount of unpredictability. That's because when an ARM enters its adjustable period, its interest rate may trend up or down depending on the state of the market. Click here to get pre-approved and see what kind of adjustable rates you may be pre-approved for. Read more

Understand how cash-out refinance funds are distributed, and discover what to expect after closing, whether it’s your primary home or investment property. Read more

Explore the different types of mortgage rates at Better Mortgage. Choose from fixed or adjustable rates to find the perfect fit for your property needs. Read more