WHAT IS A ADJUSTABLE RATE MORTGAGE?
Adjustable Rate Mortages (ARMs) offer a fluctuating interest rate throughout the duration of your home loan. ARMs are popular because most allow borrowers to pay off their loan with low initial payments, allowing many to purchase a more expensive home. But borrower beware, ARMs can be risky when financial markets are unstable because the rates can increase with little notice.
Mountain Trust Mortgage offers adjustable rate mortgage programs designed to fit your specific financial needs. Call us today to learn more!