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Adjustable Rate Mortgages


ARMs Aren't What They Used To be


Today's adjustable rate mortgages are a lot different than they were in the past, and they may be the best choice for your purchase or refinance.


An adjustable-rate mortgage (ARM), has an introductory interest rate that lasts a set period of time and adjusts annually thereafter for the remaining time period. After the set time period your interest rate will change and so will your monthly payment. The set rate period for ARM loans can last for 3, 5, 7, or 10 years. ARMs are different from fixed-rate mortgages, which keep the same interest rate for the life of the loan. With ARMs, your payments can increase or decrease with interest-rate changes that are based on the terms of your loan and a benchmark interest rate index chosen by the lender. 



  • Good choice for homeowners who plan to sell after a few years

  • Lower rates help you build equity faster

  • Flexibility & Lower Payment


ARMs are Smarter

  • Most people only stay in their mortgage for 5-7 years.

  • Why not go for the lower rate?

  • With an ARM, more of your payment goes toward the principal, so you pay down your mortgage faster.


ARMs are Safer

  • ARMs no longer feature prepayment penalties, so you can easily refinance

  • You'll never have to worry about a big balloon payment


ARMs Can Save You Money:

  • A lower rate means a lower payment, which means more cash in your pocket each month


Let's talk about your ARM options. 

Receive a quote on an adjustable-rate mortgage (ARM)

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