Is an Adjustable-Rate Mortgage (ARM) right for me?
There are always many options to help you buy a home! If you are worried about rising interest rates and buying a home, there are options that offer a lower rate at the beginning of your mortgage. These lower rates are fixed for a period of time and after that, are capped as to how much they can adjust up or down. These are called Adjustable Rate Mortgages (ARMs) and are a good fit for some home buyers. To learn more about these programs, we have a downloadable that reviews how they work. click here