Which Mortgage Is Right for You?

The explosion of new types of mortgages in recent years has made picking out which one is right for you almost as difficult decision as picking out your home.
The basic types are fixed and adjustable rate mortgages, known as ARMs, which start out with a low, fixed rate, then re-adjust after a set number of years, often sending payments way up. ARMs accounted for 32 percent of loans last year, up from