Adjust Payments as Your Financial Situation Changes
An adjustable-rate mortgage has an interest rate that can change. ARMs usually feature a low, fixed interest rate during an introductory period.
When the period ends, the interest rate adjusts to current market rates, which means your rate and mortgage payment may increase or decrease. ARM rates are usually readjusted once a year until you sell, refinance, or pay off your mortgage.
🏠 You may Consider an ARM if You:
✔️ Are purchasing a home during a rising rate environment
✔️ Prefer a home loan that has lower initial monthly payments
✔️ Don’t intend to stay in the property for a long time
✔️ Expect interest rates to decrease in the future
✔️ Expect income growth in the coming years for payment adjustments
Explore our other mortgage options or meet our expert financing team to find the right fit for your homebuying journey. We're ready to help you take the next step with confidence.
