Tailored Flexibility for Your Home Financing

An adjustable-rate mortgage (ARM) offers you flexibility and potential savings with its lower initial interest rate compared to traditional fixed-rate mortgages. It might be the ideal choice if you anticipate living in your home for a shorter period, typically ranging from 3 to 10 years. With an ARM, you benefit from a low starting payment during the initial period you select. After this period, such as 5 years for a 5/1 ARM, your interest rate and payment may adjust based on prevailing market rates. However, there are safeguards in place, including periodic and lifetime interest rate caps, to shield you from significant fluctuations in the market. Connect with us today to explore whether this option aligns with your financial goals and housing needs.

Key Features

• Lower Starting Monthly Payments: Enjoy lower initial payments compared to fixed-rate mortgages, providing more flexibility in your budget.
• Lower Starting Interest Rate: Benefit from a lower starting initial interest rate, potentially resulting in lower monthly payments during the introductory period.
• Periodic and Lifetime Interest Rate Caps: Safeguards are in place to protect you from drastic changes in interest rates, ensuring stability and peace of mind.
• Flexible Terms: Choose from a range of terms tailored to your specific needs and financial situation.
• Opportunities to Borrow Larger Amounts: ARM loans may offer opportunities to borrow larger amounts, providing greater flexibility in financing your home purchase or refinancing needs.

Normal credit and underwriting approval is required. Private Mortgage Insurance (PMI) applies if loan-to-value (LTV) is greater than 80%.

Ready to explore your adjustable-rate mortgage options? Contact us today to speak with one of our experienced mortgage specialists and find out if an ARM loan is the right fit for you!