Mortgage
Lending Services

Fill out our 1-Minute
application now:

The Adjustable Rate Mortgage (ARM) Loan

An adjustable rate mortgage (ARM) is a loan in which the interest rate changes after a certain number of years. They typically offer lower monthly payments than fixed mortgages.

Benefits of an Adjustable Rate Mortgage (ARM): Loan:
  • Ability to cover rising mortgage payments with increased income
  • Lower monthly payments initially than fixed mortgages
  • Flexibility to refinance or sell your home if interest rates rise

Additional Information
The interest rate of an adjustable rate mortgage changes only after a certain number of years. Depending on the initial adjustment period, the adjustable rate an adjustable rate mortgage can have a lower interest rate than a 15-year fixed mortgage.