Adjustable-Rate Mortgage Options

An adjustable-rate mortgage (ARM) is a type of home loan where the interest rate may change periodically, unlike a fixed-rate mortgage where the interest rate remains the same throughout the loan term. An ARM typically has a lower initial interest rate compared to fixed-rate mortgages, making it a good option for those who plan to own their home for a shorter period, expect an increase in income, or when fixed-rate mortgage rates are too high.

Our team is here to assist you in the process of choosing an ARM, providing you with tools and expertise starting with our Adjustable-Rate Mortgage Qualifier. We will help you compare and understand the differences between loan programs, making it easier for you to select the right one for your needs, whether you’re a first-time homebuyer or a repeat buyer.

It’s important to note that most homeowners opt for an adjustable-rate mortgage for the lower initial payment, and then refinance the loan when the fixed period ends. At that point, the interest rate becomes variable or adjustable, and homeowners may choose to refinance into another adjustable-rate mortgage, a fixed-rate mortgage, or sell the home.

Adjustable-Rate Mortgage Loan Process

Our home purchase loan process is designed to make the experience of buying a home as seamless as possible. Here’s a step-by-step breakdown of how it works:

• Take the first step towards owning your dream home with our easy Adjustable-Rate Qualifier.
• Discover the best mortgage options tailored to your specific needs and financial situation with our personalized loan options.
• Evaluate the best mortgage options for you by comparing interest rates and terms with our comprehensive loan comparison tools.
• With our expert guidance and personalized loan options, you’ll be able to find the right mortgage that fits your needs.