Adjustable Rate Mortgages (ARMs) Aren’t What They Used To Be

Today’s adjustable-rate mortgages are a lot different than they were in the past. And they may be the best choice for your purchase or refinance.

ARMs are smarter. Here’s why:

  • Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate?
  • With an ARM, more of your payment goes toward the principal, so you pay down your mortgage faster.
  • ARMs are safer
  • ARMs no longer feature pre-payment penalties, so you can easily refinance.
  • You’ll never have to worry about a big balloon payment.
  • ARMs can save you money
  • A lower rate means a lower payment, which means more cash in your pocket each month.

Let’s Talk About Your ARM Options.

Contact the team at 1st Phase Mortgage today!