Adjustable Rate Mortgages (ARMS) For Home Purchases

Adjustable-rate mortgages normally offer lower initial monthly payments than fixed-rate mortgages. Other benefits of ARMs include: opportunity to qualify for a larger loan, lower payments, and the ability to save money in the short-term. Borrowers who are comfortable taking on risks or who feel their income will increase to cover possible payment increases often make this choice. Once the introductory period of the ARM is up, you may be able to refinance into a fixed-rate mortgage.

Benefits to an Adjustable Rate:

Rates can be lower than fixed rates
More risk than traditional fixed rate
No prepayment penalties on ARMs
Let B2 Funding answer all the questions that you have about adjustable rate loans. These types of loans can really help you in the beginning of home ownership. You should also consider how long you are planning in staying in your home. How long do you think it will be before you sell and either upgrade or move? This is an important matter to consider because you might find that you would want to sell before the rates go up. This way you can enjoy your home while you still are there enjoying the lowest rates possible.

We can help you find the right loan for your specific needs, let one of our loan experts guide you through the process: