Adjustable Rate Mortgage (ARM) Loans
Not everyone plans to be in their home for 30 years or more. An Adjustable Rate Mortgage (ARM) loan is most often used for home buyers that don’t plan on staying in the home for the long haul and want a lower rate during the first few years of the loan. An ARM refinance can also be a tool for existing home owners looking to move up in the near future. There are many reasons an ARM loan may be the right fit for you, but it’s important you fully understand how they work. I’m here to help you understand all your options so you can make an informed decision.