Is an adjustable-rate mortgage (ARM) right for you?

About Adjustable-Rate Mortgage Options

An ARM is an Adjustable Rate Mortgage. Unlike fixed mortgages that have an interest  that remains the same for the life of the loan, the interest on an ARM will change periodically. The initial interest of an ARM is lower then that of a fixed 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  for a fixed mortgage is too high.

We’re here to make it easier, with tools and expertise that will help guide you along the way, starting with our 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 repeat buyer.

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 and terms
• Choose the offer that best fits your needs

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 becomes variable, or adjustable, and the homeowner may refinance into another adjustable-rate mortgage, a fixed mortgage, or sell the home.