Adjustable Rate Mortgage
Expecting an income increase or have plans to relocate in the near future? With an adjustable rate mortgage (ARM), you can take advantage of a variable interest rate that is typically lower than a fixed rate loan for the initial term. Interest rate changes are capped at each adjustment and for the life of the loan.
- Fixed rate offered for 1 to 5 years
- Have a lower monthly payment during the initial fixed rate period than with a conventional mortgage