An ARM is an Adjustable Rate Mortgage. This type of mortgage will work for you if you plan to stay in your house for only a few years (maybe while paying down college debt), or expect that future earnings to increase, then ARM may be the right way to go.
An ARM mortgage has a lower interest rate than other types of mortgages and can help homeowners save on monthly payments when rates are low. We’re here to help you find the right loan program, with tools and expertise that won't steer you wrong.
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With an Adjustable Rate Mortgage, the monthly payments will change during the life of your loan. The increased potential for high monthly mortgage payments is a risk factor for homeowners.
If you have any questions about whether or not an ARM is right for you, speak with our expert mortgage brokers today.
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