Adjustable-Rate Mortgages

If you're envisioning a short-term stay in your next home, an Adjustable-Rate Mortgage could be the ideal choice.

Key Benefits

• Short-Term Rates: Enjoy lower initial interest rates, perfect for those planning a brief residency before moving.
• Lower Initial Monthly Payments: Begin with more manageable monthly payments, providing financial flexibility in the early stages of homeownership.
• Flexible Initial Rate Periods: Choose from 3, 5, 7, or 10-year initial fixed-rate periods before potential adjustments.

Is an ARM Right for You?

Consider an Adjustable-Rate Mortgage if:

• You anticipate moving within the next few years.
• You plan to refinance in the foreseeable future.

Navigating Adjustable-Rate Mortgages

ARMs offer an initial fixed interest rate for a specified period (ranging from 3 to 10 years), after which the rate can fluctuate annually for the duration of the loan. This option is particularly appealing to those intending to relocate or refinance during the initial fixed portion of the loan.

Choose an ARM for a tailored approach to your short-term homeownership goals.