Adjustable Rate Mortgage

Why Get a Adjustable Rate Mortgage?

Adjustable rate mortgages provide extra liquidity to buyers needing a Jumbo loan. Instead of a fixed interest rate, they vary or adjust, as they follow an index value such as the LIBOR or the 10-year treasury bill. Most ARMs are fixed for a period of years at the beginning, such as 5,7, or 10 years, then adjust annually after that.

ARMs are:

  • Ideal for buyers looking to only live in a home for a few years before selling
  • Good for buyers who need more credit for a Jumbo loan

Are You Eligible for a Adjustable Rate Mortgage ?

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