Adjustable Rate Mortgage Loans Arm
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Benefits of Adjustable Loans
For clients who anticipate a significant increase in income or property value in the next several years, plan short-term stays in their home, or would like to significantly lower their mortgage payments, an adjustable rate mortgage loan may be the right option. As the name implies, ARMs have interest rates that change at a pre-determined interval.
Benefits of Fixed Loans
An ARM is a great option for clients who intend to refinance or sell a home in an expected time frame.
Buyers can save thousands of dollars in payments during the initial fixed period vs. a fixed rate loan with a higher rate.
The 7-year and 10-year ARMS are the most popular ones in this category of loans.
Savings can be used to pay down other debt.
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Real People, Real Reviews
Mary & Tom R.
I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate.