ARM Loan | What is an ARM? | Adjustable Rate Mortgage | RHF

Is an ARM right for you?

Get a FREE quote on an ARM loan and find out how much you qualify for.

What is an Adjustable Rate Mortgage? :

An ARM - adjustable rate mortgage - is a home loan with an initial fixed interest rate that changes after a specified period of time depending on current market conditions.

Benefits of an ARM Loan:

  • Capability to significantly reduce the cost of your mortgage.
  • Perfect for people looking to move or refinance in the next 5, 7 or 10 years.
  • Prepayment penalties do not apply so you can pay your mortgage whenever you want.
  • Lowest mortgage rate available.

How an ARM works?

  • Interest rates are fixed for 5, 7 or 10 years. After this intial period, depending on market conditions, your interest rate can change once per year.
  • Your payment will vary based on your situation and the current interest rates when you apply.

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