How to Choose Loan Rates? When it comes to structuring home loan rates, there are several ways to do so, but we will choose to focus on the two most common ones - Fixed Rate Mortgage (FRM) and the Adjustable Rate Mortgage (ARM) Their main difference, as is evident from the terms, is the interest rate based on the loan amount over time, which can vary depending upon the pre-decided rate or as per the changes in the index rate applied to your loan. Definition of FRM and ARM … [Read more...]