An ideal short-term mortgage financing option
While conventional fixed rate mortgages are popular, you also have the option to select an adjustable-rate mortgage (ARM), which typically have a lower initial interest rate than a fixed rate mortgage option. ARMs also usually include an interest rate cap which limits how much your P&I payment may increase at each interest rate adjustment, as well as over the life of the loan. If you plan to move or refinance within a few years, an ARM might be an option to consider.
If you are interested in applying for an adjustable-rate mortgage, click here to apply online.
Questions? Contact us or check out our Mortgage Calculators.