Adjustable Rate (ARMS)

Adjustable Rate Mortgages (ARMs) Let You Start with a Low Rate

Primary Residential Mortgage, Inc.’s adjustable rate mortgages allow you to get into your home with a low monthly home loan payment. This loan program lets you enjoy a fixed rate for the first few years, which then increases every year based on a particular index value.

Who Should Apply for an ARM?

An ARM may be a suitable option if you want to reduce your monthly payments. It’s also great for these situations:

  • Cash Flow is Your Priority – A lower mortgage payment required by ARM may help you manage your monthly obligations.
  • You Won’t Live in Your Home for Many Years – If you know that you will be moving due to your career or for other reasons, an ARM may be a good option.

Contact us today for any questions regarding ARMs.

Requirements

Down Payment Varies, see Fixed Rate or FHA
Terms 3/1, 5/1, 7/1, 10/1 years fixed/year
Credit Score Varies, see Fixed Rate or FHA
Mortgage Insurance Varies, see Fixed Rate or FHA
Maximum Loan Limit Varies, see Fixed Rate or FHA
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