ARM Loans

With an Adjustable Rate Mortgage (ARM), your interest rate changes at specific intervals, so the amount of your monthly payment could increase or decrease. Often, ARM loans provide a lower initial rate compared to a fixed rate loan.

Consider an ARM loan if:

1. You plan to be in your home less than ten years
2. You expect interest rates to remain stable or decline during the term of your loan
3. You want a lower initial monthly payment and don’t mind a variable interest rate

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