Your Guide to
Adjustable-Rate Mortgage
An Adjustable-Rate Mortgage “ARM” is beneficial for a Borrower that may only be in their home for a few years before moving on. An ARM loan will have a cap on the maximum Interest Rate increases / decreases, as well as a cap on the periodic Payment amount changes. An ARM loan will typically have a lower initial Interest Rate than that of a Fixed- Rate Mortgage. The payment changes to an ARM loan are based on an economic index.
- Lower initial interest rate compared to fixed-rate mortgages
- Interest rate adjusts based on a specific index and margin
- Potential for lower monthly payments in the short term
- Best suited for short-term homeowners or those expecting income growth
- Caps on interest rate increases to limit potential risk
Application
Click here to get started
we’re excited to work with you! Enjoy a hassle-free process with zero impact on your credit score, minimal documentation, and complete transparency
- No impact on credit score
- No hidden costs
- No documents required