ADJUSTABLE RATE MORTGAGE LOANS (ARM)
Adjustable Rate Mortgage Loans
You may consider a variable rate mortgage if you think interest rates will go down and if you’re comfortable with changes in your loan payments and mortgage rates.
Is Adjustable Rate Mortgage Loans right for me?
- Rates are dependent on market and economic performance
- Historically showed to be less expensive in the long run
- Dependency on market conditions can unexpectedly increase financial burden