Loans with a variable rate after an initial fixed period
Adjustable-Rate Mortgages (ARMs)
Significant short-term benefits.
I will help you understand your ARM options and help you decide if this type of loan is the right fit for your situation.
The ARM Advantage
With an Adjustable-Rate Mortgage (ARM), the interest rate stays the same for an initial fixed period of time and then adjusts based on market conditions. An ARM usually has a lower interest rate than a standard Fixed-Rate Mortgage for the initial fixed period. However, at the end of the initial fixed-rate period, the interest rate becomes variable and may move up or down depending on the direction of a mortgage index it is associated with.
I will ask you a series of questions to see if an ARM is right for you.
Interested in learning about other loan programs? Visit the Loan Finder
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.
Tim Marti2020-02-25T19:35:09-08:00October 29th, 2019|