how the check license of lender

go to this link and then type in the name of the lender.http://www.nmlsconsumeraccess.org/TuringTestPage.aspx?ReturnUrl=/EntityDetails.aspx/COMPANY/1071

Here is the national registry licensing authority link:http://www.nmlsconsumeraccess.org/

Monthly payments for an adjustable rate mortgages usually change annually. Depending on the terms of the mortgage, many offer an initial fixed period, 3 to 7 years, before the adjustments begin.