Adjustable Rate Mortgages

Get Pre-Qualified Today & Shop with Confidence!

Adjustable Rate Mortgages

Get Pre-Qualified Today
& Shop with Confidence!

The Lowdown on Adjustable Rate…

Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.

The Lowdown on Adjustable Rate…

Most homeowners get into adjustable-rate mortgages for the lower initial payment, and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable, or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.

Our Adjustable Rate Mortgage Rates Are Low & Our Process is Quick

An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically after the fixed term. The initial interest rate of an ARM is lower then that of a fixed rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years as your primary residence, or if you are an investor and plan on selling the home in the near future.

We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

Our Adjustable Rate
Mortgage (ARM)
Rates Are Low &
Our Process is Quick

An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically after the fixed term. The initial interest rate of an ARM is lower then that of a fixed rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years as your primary residence, or if you are an investor and plan on selling the home in the near future.

We’re here to make it a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Adjustable Rate Mortgage Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

What is required for an Adjustable Rate Loan?

From a creditworthiness standpoint, getting an adjustable-rate mortgage isn’t more difficult than getting a fixed-rate loan. In some ways, in fact, you may qualify for the former and not the latter.

Because an ARM has a lower monthly payment, it can make it easier to qualify based on debt ratios mortgage lenders use. For example, it’s common for a lender to require that your monthly housing payment not exceed 28% of your gross income. If a fixed-rate mortgage with a higher interest rate and monthly payment exceeds that amount, you may be able to qualify by switching to a lower payment on an ARM.

What is required
for an Adjustable
Rate Loan (ARM)?

From a creditworthiness standpoint, getting an adjustable-rate mortgage isn’t more difficult than getting a fixed-rate loan. In some ways, in fact, you may qualify for the former and not the latter.

Because an ARM has a lower monthly payment, it can make it easier to qualify based on debt ratios mortgage lenders use. For example, it’s common for a lender to require that your monthly housing payment not exceed 28% of your gross income. If a fixed-rate mortgage with a higher interest rate and monthly payment exceeds that amount, you may be able to qualify by switching to a lower payment on an ARM.

The Adjustable Rate Loan Process

Here’s how our home loan process works:

  • Complete our simple Adjustable Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

The Adjustable Rate
Mortgage (ARM)
Loan Process

Here’s how our home loan process works:

  • Complete our simple Adjustable Rate Mortgage Qualifier
  • Receive options based on your unique criteria and scenario
  • Compare mortgage interest rates and terms
  • Choose the mortgage loan offer that best fits your needs

If purchasing a home, you can now start shopping with confidence with an Elite Realtor to find your perfect home.

Get Your FREE Loan Quote Now!

Get Your FREE
Loan Quote Now!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

Whether you’re buying a new home, refinancing, looking for a cash-out, or just have questions about the process, our Elite Team of Mortgage Professionals will help you find the right mortgage solution!

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