Adjustable-Rate Mortgages (ARMs)
Flexible Financing Solutions for Your Home
Your Complete Guide to ARM Applications
Navigate the adjustable-rate mortgage application process with confidence. Learn about qualification requirements, documentation needs, and application strategies.
What is an Adjustable-Rate Mortgage?
An ARM is a home loan with an interest rate that adjusts over time based on market conditions. ARMs typically start with a lower fixed rate for an initial period (3, 5, 7, or 10 years), then adjust periodically based on an index plus a margin. This structure can offer significant savings for borrowers who plan to sell or refinance before the adjustment period.
Step 1 of 7: Introduction