Are rising mortgage rates pricing you out of the home of your dreams? You may not need to change your plans … just your loan type. That’s where an adjustable-rate mortgage (ARM) comes in.

 

While fixed-rate loans keep the same interest rate for the life of the loan, ARMs typically offer a lower rate for an initial term, after which the rate adjusts up or down to reflect current market rates. With the lower initial rate, you may be able to afford more house than with a fixed-rate loan, allowing you to get the home you want at a price you can afford.

 

Wondering if this is right for your situation? Contact us today and we can make sure that an ARM makes sense for you! Call and speak with one of our knowledgeable Mortgage Specialists today at 708-349-0770 or view our current rates and loan availability on our Mortgage Rates webpage.

Comments
Blog post currently doesn't have any comments.