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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.
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- 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
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To learn more about Adjustable Rate Mortgages, contact one of our knowledgeable loan officers today.
Click here to find a loan officer near you.
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