Adjustable Rate Mortgage

Start out with a mortgage that will tend to be more affordable for the first few years which can help you save more money.

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Adjustable Rate Mortgage Features

  • Interest rate changes based on economy
  • Monthly payments change
  • Usually cheaper than fixed rate for the first 3-7 years

An adjustable rate mortgage can make sense if you’re only planning to own the property for a short period, you plan to have higher income in the future, or if you plan to pay off mortgage before the interest rate rises.

ADDITIONAL MORTGAGE TYPES

Not sure which mortgage type is right for you? Learn more about other types we offer.

Mortgage Rates

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