This article is to give the less knowledgeable mortgage loan client significant information they may not understand about an Adjustable Rate Loan, at times called an ARM. This type of loan needs to be fully understood by the applicant looking for mortgage financing. ARM loans rates do not stay the same for the life of the loan; the rate of interest varies at specific time, depending upon the product. Be aware of what you are being presented and make a cognizant decision if this is the loan type you are at ease with.