U.S. flag

An official website of the United States government

Dot gov

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

Https

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Interest-Only Mortgage Payment and Payment-Option ARMs -- Are They for You?

Submitted by Admin on
Whether you are buying a house or refinancing your mortgage, this information can help you decide if an interest-only mortgage payment (an I-O mortgage)--or an adjustable-rate mortgage (ARM) with the option to make a minimum payment (a payment-option ARM)--is right for you.
Agency Owner
Board of Governors of the Federal Reserve System
Audience
Individual
Document Type
Website
ID
22
Language
English
Principle
Borrow
Resource URL
https://www.fdic.gov/consumers/consumer/interest-only/mortgage_interestonly.pdf
Life Event
Home Ownership