Adjustable-rate mortgage (ARM)
Take advantage of a reduced interest rate compared to a fixed-rate mortgage, saving you money on interest and resulting in a smaller monthly payment.
Why Consider an Adjustable-Rate Mortgage?
If you want a smaller monthly payment and are just starting out, an adjustable-rate mortgage (ARM) is a wonderful choice. An adjustable-rate mortgage can give you the purchasing power you need to become a homeowner if you require a home loan option with lower initial payments.
Adjustable-Rate Mortgage Features
- Accessible for terms of 3, 5, 7, and 10 years.
- Complete financing is offered.
- Often at a cheaper rate and amount than with traditional mortgages.
- Caps shield you from increasing rates, and your mortgage payment decreases as rates decline.
Is an ARM Right for You?
An ARM can provide substantial initial savings if you plan to move or refinance within a few years or if you can manage possible rate volatility. It’s an adaptable choice that can save you more money in the short run than a fixed-rate mortgage because it adjusts to the state of the market.
Get a Free Quote Now!
We can assist you through the procedure and finding the ideal ARM for your requirements. Find out how an ARM can help you with features like flexible terms and initial low rates.
