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ADJUSTABLE-RATE MORTGAGE
Providing Flexibility for Homeowners
An adjustable-rate mortgage (ARM) is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment.
Adjustable-Rate Mortgage Highlights
An ARM might be the right option for you if you plan on moving within 7 years since they feature lower introductory interest rates. If interest rates are expected to fall, a homeowner could potentially reduce their monthly payments with the lowered interest rates. Highlights of an adjustable-rate mortgage include:
- Lower initial monthly payments
- Possibility to qualify for higher loan amounts
- Rates and Payments may decrease based on the index rate
If you are interested in an adjustable-rate mortgage, please schedule a call today!
Thinking of buying a home? Learn more about the home buying and mortgage process. Most importantly, get tips on how to avoid pitfalls and guarantee a smooth experience.
WHAT ARE CUSTOMERS ARE SAYING
“They are friendly, knowledgeable, and were always accessible for questions and concerns from a first time home buyer. I felt well taken care of every step of the way.”
Tori P.
“I've been working with Sean and his team for several years now and they have continually demonstrated exceptional professional service.”
Jack K.
“I loved how personalized our experience was. Sean and his associates did an outstanding job staying on top of our financial transactions, with the utmost professionalism.”
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“You couldn’t ask for a more loyal, friendly, knowledgeable, or hardworking lender! I’ve been working with Sean for the past couple of years and in that time he’s gone above and beyond countless times for our clients.”
Tom M.
“Sean and his entire team are phenomenal!! They made the process so easy and with very little stress. Sean was so accessible for any concerns or questions I had which was unexpected and awesome!”
Heather H.
“Rock solid team. Dealt with Sean and Jamie, and they both got the job done. It was a breath of fresh air to work with competent and clearly seasoned mortgage professionals.”
Michael D.
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