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Adjustable Rate Mortgage Refinance


An adjustable-rate mortgage (ARM) refinance typically provides a lower interest rate for an initial payment period, making the initial monthly payments less than those a fixed-rate mortgage refinance usually offers.
After the lower initial rate period, the ARM interest rate will adjust to a fully indexed rate and could increase your rate and payments. If the rate goes up, your monthly payments go up, so you want to be financially prepared to make larger payments.

Adjustable-rate mortgage refinance loans are a good choice if you:

  • Are planning to move in a few years (before the end of the initial rate period)
  • Expect your income to rise enough in the coming years to cover any increase in payments resulting from an increase in the interest rate
  • Want lower initial monthly payments than a fixed-rate mortgage usually offers
  • Think interest rates may fall in the future
Some disadvantages of adjustable-rate refinance mortgages:

  • If you plan to sell the home before the introductory period ends, there is an element of risk, as it can be difficult to predict exactly how long it will take to sell your home
  • Interest rates will increase in a rising rate environment
  • An increase in rates will increase your monthly payment amount, which may not keep pace with any increase in income
  • An increase in interest rate will reduce accumulation of equity, especially where home values are declining, and may make it more difficult to refinance your loan again
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​Texas Location:

7100 Regency Square Blvd 
Suite # 230-04,
Houston, Texas 77036

Office: 713-300-1008
Fax: 713-893-6080

NMLS # 335991



​Illinois Location:

1727 Ellendale Drive
Northbrook, IL 60062
Office: 847-400-0600
Fax: 847-574-8301

NMLS # 324286

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Equal Housing Lender. Figures deemed reliable, but errors may occur. Rates and terms subject to change without notice. This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must qualify under the underwriting requirements and satisfy all contingencies of loan approval. NMLS # 324286 Regulated by the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705 - www.sml.texas.gov - In Illinois Regulated by the Department of Financial and Professional Regulation - Division of Banking License # MB.6760918 http://www.idfpr.com/Bankingdefault.asp
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  • Home
  • Products
    • Homebuying Loans >
      • Fixed-Rate Loans
      • Adjustable-Rate Loans
      • Convential Loans
      • FHA Loans
      • VA Loans
      • USDA Loans
      • Jumbo Loans
    • Refinance Loans >
      • Fixed-Rate Refinance
      • Adjustable-Rate Refinance
      • Convential Loans
      • Cash Out Refinance
      • FHA Refinance Loans
      • FHA Streamlining Loans
      • VA Refinance Loans
      • VA IRRRL Loans
      • USDA Loans
      • HARP Loans
  • Resources
    • FAQ
    • Prepare
    • Helpful Links
    • Definitions
    • Mortgage News
    • Credit Scoring
    • Mortgage Calculator
  • Contact Us
    • Directory
  • Testimonials
  • Apply Now