Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment.

Adjustable-Rate Mortgage Highlights

An ARM might be the right option for you if you plan on moving within 7 years since they feature lower introductory interest rates. If interest rates are expected to fall, a homeowner could potentially reduce their monthly payments with the lowered interest rates. Highlights of an adjustable-rate mortgage include:

  • Lower initial monthly payments.
  • Possibility to qualify for higher loan amounts.
  • Rates and Payments may decrease based on the index rate.

If you are interested in an adjustable-rate mortgage, please contact your local Fairway mortgage professional.

Adjustable-Rate Mortgages Fairway Independent Mortgage adjustable-rate-mortgage-with-fairway-independent-mortgage For those who plan on moving within 7 years and looking for a lower introductory interest rate. Default Preview Services & Opportunities Financial Services home loans adjustable rate loans loans https://easternoregonmarketplace.com/wp-content/uploads/2018/07/fairway-logo.jpgHermiston Office 308 E Gladys Ave Hermiston, OR Oregon 97838 45.8411423 -119.2866923 45.8411423,-119.2866923

Overview

Phone Number(541) 564-5900
Rate TypeAdjustable

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