Who benefits from an Adjustable Rate Mortgage?
First-time homebuyers – ARMs allow access to funding for those who can’t finance a 30-year mortgage.
Transition homebuyers – If you are moving, starting a family or relocating for work, adjustable mortgage rates may be the right fit for you. This lower initial rate will be a benefit.
Short-term homebuyers – If you are looking to move within five or seven years, ARMs are a great loan for you.
If you have an increase in salary – Whether you are up for a promotion or taking a job with increased income, adjustable rate mortgages are a good option. This is because many people will refinance before the interest rate adjusts.
We can help whether you are a first-time buyer, or doing a refinance on your existing home loan. In addition we have many other loan programs including Adjustable Rate Mortgages, FHA Loans, Fixed Rate Mortgages, and Jumbo Loans. Click here to learn about our other loan programs.