The Federal Reserve has released a great informational brochure to answer all of your questions. Learn about Adjustable Rate Mortgages and ask us if you have any questions!
An Adjustable Rate Mortgage will give you a very low interest rate and a very low mortgage payment which will be fixed for three or five years. The financially savy borrower can plan their finances and benefit from historically beneficial rates. Maximize your monthly income and lower your expenses with a Adjustable Rate Mortgage. This is a perfect loan type for home owners that plan to move or sell their home while the rate is locked for 3-years or 5-years depending on their mortgage program. Choosing a Adjustable Rate Mortgage for your home loan can save you thousands of dollars over a traditional mortgage.
Adjustable Rate Mortgage Application