Adjustable Rate

Mortgages

Adjustable Rate Mortgages

An ARM is a mortgage loan that has monthly payments tied to an economic index. Adjustable rate mortgages may free up money early in the loan term. Additionally, an adjustable rate mortgage can allow you to qualify for a higher loan amount, and therefore a more valuable house. An ARM also might be a good choice for you if you:

  • Plan to own your home for just a few years
  • Expect a significant increase in future earnings
  • Think the interest rate for fixed-rate mortgages is too high