I am trying to figure out whether I could get away with having an adjustable rate mortgage, or whether it might end up being a bit too risky the way interest rates have been acting lately. Exactly how does an adjustable rate mortgage work? Where can I find out more about them? Would the mortgage services company be the best able to explain the conditions to me? I am trying to figure out how long the rate would stay the same and how much it could increase in a worse case scenario. Can anyone help me out with this question?