Adjustable Rate Mortgage
Adjustable Rate Mortgage
An adjustable-rate mortgage, or ARM, is a home loan that has an initial, low fixed-rate period of several years.
The Lowdown on Adjustable Rate Mortgage...
Our Adjustable Rates Are Low & Our Process is Quick & Painless
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 then that of a fixed rate mortgage, consequently, an ARM maybe 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 to high.
We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Adjustable Rate Mortgage Loan Process
Here’s how our home loan process works:
Complete our simple Adjustable Rate Mortgage Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
Why an ARM?
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.
Adjustable-rate mortgages (ARMs) come with an interest rate that changes at predetermined intervals, such as annually or semi-annually.
ARMs typically have a low introductory rate, which translates to more affordable monthly mortgage payments initially.
ARMs are generally better for borrowers who plan to leave the home or to refinance before the introductory rate period ends.
-Brittney H.
“Ryan was an excellent mortgage lender to work with while we were purchasing our home for the first time! Getting a loan felt very daunting, but Ryan really helped my husband and I walk through the process and gave helpful advice at different stages as interest rates continued to rise last fall. He was very flexible with our needs and communicative throughout the entire process. I highly recommend working with him and would definitely work with him again in the future!.”
