“ADJUSTABLE-RATE MORGAGE”
What is an adjustable-rate mortgage, and is it right for you? An adjustable-rate mortgage, or ARM, has been around for decades. It is a home loan with variable interest rate, meaning the initial interest rate is fixed for a period of time. After that, the interest rate resets or adjusts periodically, either at yearly or monthly intervals. Adjustable-rate mortgages generally limit how much the interest rate can rise each year or over the lifetime of the loan. ARMs can be a smart financial choice for homebuyers who plan to keep the loan for a limited time and can afford any potential increase in their interest rate. Keep in mind that fluctuating interest rates can make monthly budgeting more challenging. We will help you understand the many financial details associated with buying a home, including the various mortgages available to you and what you may expect in other possible costs. We consider it an important part of our services to give you as much information as possible about this major issue of buying a new home. Contact us today if you need help with your real estate plans. We welcome buyers, sellers, and investors. “OUR SUCCESS HAS BEEN BUILT ONE SATISIFIED CUSTOMER AT A TIME.”
