Adjustable Rate Mortgage
Be confident in knowing that an ARM loan is right for you.
An Adjustable Rate Mortgage (also called an ARM) has an interest rate that remains constant for an initial period of time, and then adjusts on a regular basis for the remainder of the loan or until the borrower refinances.
When is an Adjustable Rate Mortgage (ARM) the best choice?
- When you plan to be in your home for just a few years.
- If your income is likely to increase and you feel you will be able to afford potentially larger mortgage payments in the future.
- When you want to qualify for a larger mortgage amount.
- If you feel rates will come down in the future.
- If you have a special need for ready cash over the next few years.
To learn more about Adjustable Rate Mortgages, click here to find one of our knowledgeable loan officers near you.
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