Homespire Mortgage

Adjustable Rate Mortgage

Take advantage of the lowest rates possible with an Adjustable Rate Mortgage

An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.

Take advantage of a low introductory mortgage rate

Enjoy low initial monthly payments

Ideal for those planning on moving within a few years

Pay off your mortgage with no penalties

How can an Adjustable Rate Mortgage benefit me?

A low introductory mortgage rate means low initial monthly payments for 5, 7, or 10 years
You’re protected! Your rate will never be higher than 5% above your initial rate.
Your rate will never rise more than 2% in a year after the initial fixed-rate period.
Pay off your mortgage without prepayment penalties, at any time
FHA and VA ARMs are also available

Is this loan right for me?

A popular choice with First Time Home Buyer
Flexibility to refinance in the next 5, 7, or 10 years
Popular with home buyers planning to move in 5-10 years
Popular with buyers expecting future increases in salary
A lower initial payment makes home buying more affordable

Talk to a Personal Loan Consultant to find out if an Adjustable Rate Mortgage is right for you.

Get A Rate Quote

Get started with a personalized rate quote and find out how you can save on your next purchase or refinance.
Whether you’re buying a home or refinancing, you’ve come to the right place.

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