An ARM is an Adjustable Rate Mortgage. Unlike fixed-rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM is lower than that of a fixed-rate mortgage, consequently, an ARM may be a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is too high.
We’re here to make it a whole lot easier with tools and expertise that will help guide you along the way.
We’ll help you see the differences between loan programs, allowing you to choose the right one, whether you’re a first-time homebuyer or a seasoned investor.
Most homeowners get into adjustable-rate mortgages for the lower initial payment and then refinance the loan when the fixed period ends. At that time, the interest rate becomes variable or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.
Here’s how our home purchase loan process works:
1. Complete a Pre-Approval Application
2. Receive options based on your unique criteria and scenario
3. Compare mortgage interest rates and terms
4. Choose the offer that best fits your needs
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Finding a great home loan involves careful consideration of your needs, finances, and history. Not sure what loan is the best choice for you? Contact us, and our team of experienced lenders will work to find the best options for you and your budget. We are here to guide you
We’ve been helping customers afford the home of their dreams for many years and we love what we do.
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