Adjustable Rate Mortgage

Why pay the higher rate?

An adjustable-rate mortgage can lower your initial monthly payment and may fit if you plan to refinance, sell, or own the home for only a few years.

EstaR Mortgage
Lower initial payment strategy
How ARMs work

A fixed start, then a variable rate

Unlike fixed-rate mortgages, the interest rate on an ARM can change periodically after the initial fixed period ends.

The initial interest rate is often lower than a fixed-rate mortgage, which can make an ARM worth considering if your timeline and risk tolerance fit.

✓Lower initial monthly payment.
✓Useful if you expect to move or refinance.
✓Can help when prevailing fixed rates are high.
✓Needs a clear plan for the adjustable period.

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