Adjustable rate mortgages are an attractive alternative for the borrower that is only planning a short stay in their new home or think rates will be decreasing in the near future.  Enjoy a lower interest rate for a fixed period of time (3,5 or 7 years depending on the program).  If the payment in the near future is the most important factor, then an adjustable rate mortgage may be a good option for you.  Complete with no prepayment penalty, you have the option to pay extra toward principal each month if you choose. 

Get Control of Your Monthly Payments

• Many of our clients have used an adjustable-rate mortgage (ARM) to get lower monthly mortgage payments.
• However, interest rates have been rising. If your ARM is reaching the end of its fixed period your mortgage payment could increase significantly.  This can be incredibly dangerous if you are not prepared.
• Don't miss an opportunity to protect yourself, and lock into a new low fixed-rate and payment today.

Find a New Loan that Works for You