Mortgage expert David Reed invites Walletpop readers to ask him questions about real estate financing. leave your questions in the comment section of this post.

Q: I have only one question to you to ask: I am kind of confused about ARM and FRM. Could you please tell which one more safer? -- Adam

A: Adam: ARM stands for Adjustable Rate Mortgage and FRM stands for Fixed Rate Mortgage. An ARM can fluctuate in rate throughout the course of a loan term while a fixed rate never changes. That said, a FRM is the safer bet. -- David

Real estate finance expert David Reed is president of CD REED Mortgage Bankers in Austin, TX and author of Mortgage Confidential: What You Need to Know That Your Lender Won't Tell You and Mortgages 101: Quick Answers to over 250 Critical Questions About Your Home Loan.


Increase your money and finance knowledge from home

What is Inflation?

Why do prices go up?

View Course »

Intro to Retirement

Get started early planning for your long term future.

View Course »

Add a Comment

*0 / 3000 Character Maximum