What Is an ARM Loan?
An adjustable-rate mortgage (ARM) loan is a mortgage option that’s great for members to help save on their monthly payments, especially in the recent rising rate environment. ARM loans are sometimes referred to as a variable-rate mortgage due to the interest rate changing throughout the life of the loan. How often the interest rate will change, and by how much, depends on the terms of the ARM loan.
Benefits of an ARM Purchase Loan
If you’re interested in buying a primary home, whether you’re a first-time homebuyer or looking to purchase a rental property, you can take advantage of the benefits of an ARM purchase loan, including:
- Lower interest rates: An ARM loan typically offers a lower interest rate than a conventional loan.
- Lower monthly payments: With an ARM loan offering a lower interest rate, that means you are likely to get a lower monthly payment at the beginning of your mortgage.
- Great starting option: Our ARM loan can also be used towards our PMI Saver and Maximum Cash-Out Refinance
Who could benefit from an ARM loan?
If you are planning on moving or refinancing your mortgage before the end of the introductory fixed-rate period, an ARM loan could be a great option for you.
Why Choose Mortgage Center?
Here at Mortgage Center, we've been committed to growing our community since 1990. We have a team of over 100 mortgage experts ready to help you get an exclusive loan product at the best rate possible.
Our team is dedicated to the success of each borrower. Along with forming partnerships and acting collaboratively, we service all of our mortgages for the life of the loan. With support every step of the way, achieving your dreams of owning a new home has never been easier.
Learn More About Our ARM Loan Rates Today
Our team of experts will help you get your conventional home loan application started. With our streamlined process, you'll be able to do everything from submitting your required documents, to checking the status of your loan, without having to leave your home.
Apply today by filling out our form or by giving us a call at 800-353-4449.