Adjustable Rate Mortgage

An ARM is an Adjustable Rate Mortgage. Unlike fixed-rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM is lower than that of a fixed-rate mortgage, consequently, an ARM may be a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is too high.

We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way.

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you whether you’re a first-time homebuyer or a seasoned investor.

The Adjustable Rate Mortgage Loan Process

Here’s how our home loan process works:

• Complete our simple Pre-Approval Application
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
  Choose the offer that best fits your needs

Do I Qualify?

Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.