Adjustable Rate Mortgage
Because one type of loan does not fit all
ARMs are ideal for those who only plan on being in their home for a short period of time. Because ARMs are subject to rate adjustments later on, the initial interest rate is typically set lower than on a standard fixed-rate loan. This can benefit you with a lower payment that reduces your monthly housing costs. To find out if an ARM is right for you, talk with one of our Mortgage Loan Officers.