Adjustable-Rate Mortgage

An adjustable rate mortgage, or ARM, is one that can change at a predetermined time, limited by adjustment caps, an ARM is a perfect solution for those who may be thinking of holding the property for a shorter period of time. Adjustable rate programs start out with lower rates compared with fixed rate loans.

We’re here to make it easier, with tools and expertise that will help guide you along the way, starting with our Adjustable Rate 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 Qualifier
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates 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 rate becomes variable, or adjustable, and the homeowner may refinance into another adjustable-rate mortgage, a fixed-rate mortgage, or sell the home.