Adjustable Rate Mortgages

Adjustable-Rate vs. Fixed Rate

Unlike fixed mortgages, which have a constant interest rate over the entire term of the loan, an adjustable-Rate Mortgage (ARM) is a mortgage loan that has an interest rate that can change, or adjust, depending on current market rates. ARM’s will have an initial fixed interest rate period of 3, 5, or 7 years. This initial interest rate will often times be much lower than 30 year fixed rates. After the initial period of time, the interest rate will adjust, up or down, based on the current market rates. The ARM is a great mortgage product for those who only plan on staying in their home for a few years and want to take advantage of that low initial interest rate, and therefore lower monthly payment.



  • Low initial interest rate

  • Lower monthly payments during initial time period (usually 3-7 years)

  • Best if planning on moving in a few years


  • Interest rate could increase after initial time period


Contact Us today or fill out our online application and find out if an adjustable-rate mortgage is right for you.

We’ll help you see the differences in loan programs and ultimately find the mortgage product that is going to best fit your financial needs.