An Adjustable Rate Mortgage (ARM) offers low monthly payments during an initial fixed-rate period, followed by periodic rate adjustments that reflect market conditions.

Features:

• Because of the lower rates during the introductory period, some borrowers are eligible for a larger loan amount than with a fixed rate mortgage.

Right for people who:

• Want to sell or refinance early

• Can afford to make larger monthly payments if the rate adjusts

• Are buying a home when rates are high

Print Financial Statement »