Today’s Adjustable Rate Mortgages Are A Lot Different Than They Were In The Past! They Just Might Be The Best Choice For Your Purchase Or Refinance
What is an adjustable-rate mortgage?
An adjustable-rate mortgage, or ARM, is a home loan with an interest rate that can change periodically. Generally, the initial interest rate is lower than on a comparable fixed-rate mortgage.
ARMs ARE SMARTER
- Most people only stay in their mortgage for 5 to 7 years. – So why not go for a lower rate?
- With A ARM, more of your payment goes toward the principal balance, so you pay down your mortgage faster.
ARMs ARE SAFER
- ARMs no longer feature pre-payment penalties, so you can easily refinance.
- You’ll never have to worry about a big balloon payment.
ARMs CAN SAVE YOU MONEY
- A lower rated means a lower payment, which means more cash in your pocket each month.
Want To Learn More About ARM Options? – Call Us Today!