Many borrowers have been trained to avoid adjustable-rate mortgages (ARMs), especially after misuse of those loans got so many borrowers into trouble during the last boom market, but ARMs issued through government programs such as FHA or VA have certain safeguards built in to them that protect borrowers from the biggest hazards that normally go along with having an adjustable rate, making them nearly as safe as fixed-rate mortgages while still giving borrowers better interest rates. Read the rest of this entry »