Adjustable Rate Mortgage Loans (ARM)

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.

• Savings can be used to pay down other debt.  
• The 7-year and 10-year ARMS are the most popular ones in this category of 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.