Adjustable Rate Home Loan
If you plan to stay at your current home for just a few years or you expect a change in your career or income, then this may be the best mortgage type for you. Known as a more cost effective solution for you, Adjustable Rate Mortgages typically have rates that are lower than fixed rates measure below Fixed-Rate APR's, and could allow you to "Qualify For More" than you may have been able to get with a Fixed-Rate Mortgage. These loans are typically fixed for the first 5, 7 or 10 years and then they may adjust accordingly every year for the remaining of the loan term. Contact one of our expert loan consultants to learn more.
