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If you’re shopping for a home, you’ve probably heard of an Adjustable Rate Mortgage, or ARM. It’s a type of home loan with an interest rate that changes over time.

The main perk is that it usually comes with an initial low rate, making it an attractive choice for new buyers who may be just starting out in life, or who can’t afford the higher payments of a fixed-rate loan. Likewise, even though the rate will increase in the future, it can also dip, saving you money.

However,...

With the home prices stabilizing and even rising in some cities, many people are wondering if now might be the right time to take the plunge into homeownership. Real estate conditions and individual personal financial situations vary dramatically, so there’s no simple yes or no answer. But here are some issues to consider that can help you decide whether buying or renting is best for you:

Today’s...

Everybody loves summer, right? School’s out. Students are graduating. Friends are getting married. And everybody’s thinking vacay! Trouble is, the costs for all that fun can add up and sink your savings goals in the process. The good news is that with a little planning, you and your family can enjoy all that summer has to offer, without busting your budget.

Consider these summer spending tips:

If...