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For Mortgage Terms From A-Z
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Adjustable Rate Mortgage
An adjustable rate mortgage, (known as an ARM), is a mortgage with an interest rate that is connected to an index. The interest rate and your payments are periodically adjusted up or down as the index changes.
An index is a guide that lenders use to measure interest rate changes. Common indexes used by lenders include the activity of one, three, and five-year Treasury securities, but there are many others. Each ARM is connected to a specific index.
A benefit to ARMs are that your payments will be lowered as the market fluctuates. AAR Funding Corp. will explain how adjustable rate mortgages would work for you, explain caps regarding the amount your interest rate would increase, and more. Contact AAR Funding Corp. today to learn more about adjustable rate mortgages.
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Low Rates
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Many Loan Programs
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Personalized Service
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Free Prequalifications
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Quick Loan Process
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Equal Housing Lender.