HOME PURCHASE
Adjustable Rate Purchase
Adjustable Rate Mortgages, better known as ARMs, are a great product for home buyers who don’t intend to stay in the home for a long period of time and also provide the advantage of a beneficial introductory low interest rate for a specified period of time (typically 1, 3, 5 or 7 years). After the initial introductory period, the rate will adjust for the remainder of the loan.
