The House Flipping Bible
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About Flip Thy House

This site is a hands-on look at the world of house flipping and real estate investing as a whole. Follow along as I delve into the world of flipping houses, home renovations, managing rental properties, wholesaling, short sales, and other REI topics.
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  • Adjustable Rate Mortgage (ARM)

    An adjustable rate mortgage (ARM) is a mortgage in which your interest rate may fluctuate either up or down over time. Unlike a fixed mortgage (in which you agree to pay a set amount of interest for the term of the loan), adjustable rate mortgages are tied to other indexes, so the amount of interest that is paid each year on an ARM can change from year to year (and even from month to month).

    ARMs can also be a hybrid combination of an adjustable rate mortgage and a fixed mortgage, with the first 2-3 years of the mortgage being a fixed mortgage at a set rate, after which point the mortgage is an adjustable rate mortgage.