🔎 What is an Adjustable Rate Mortgage (ARM)? 🏡💰

An Adjustable Rate Mortgage (ARM) is a home loan with an interest rate that adjusts over time. Unlike a Fixed Rate Mortgage, where the interest rate stays the same for the life of the loan, an ARM typically starts with a lower fixed rate for a set period (e.g., 5, 7, or 10 years). After that, the rate can fluctuate annually based on market conditions.

💡 Why choose an ARM?
✅ Lower initial interest rate compared to fixed-rate loans
✅ Ideal for buyers who plan to sell or refinance before the adjustment period
⚠️ Monthly payments may increase if interest rates rise

Considering an ARM or wondering if it's the right option for you? Let’s chat! 📩

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