Adjustable Rate Mortgage in Michigan | MI ARM rates are low • Grand Rapids Mortgage

Get the lowest mortgage rates available with an ARM

An Adjustable Rate Mortgage will give you a very low interest rate and a very low mortgage payment which will be fixed for three, five, seven or ten 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.

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Learn more about the Adjustable Rate Mortgage(ARM)

When shopping for an Adjustable Rate Mortgage be sure to review the loan terms including adjustment caps with your loan officer. This will help to determine when the first potential adjustment could take place and what the maximum rate change could be. With this information you can property plan for a potential payment increase at this point or to refinance prior to this date.

The Consumer Finance Protection Bureau (CFPB) 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!
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Want to Refinance to an Adjustable Rate Mortgage?

An Adjustable Rate Mortgage is a great way to take advantage of today's current low rates. This loan type is perfect for families that plan on selling or refinancing within the initial fixed rate period or savvy borrowers that understand how to benefit from ARM loans.

RELATED: You can also choose a cash out refinance to pay off debt or do home improvements.

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