A Home Loan With An Interest Rate That Can Change
An adjustable-ratemortgage (ARM) is a mortgage with an interest rate that can change at the end of an initial fixed period.
Some borrowers find the interest rate increase associated with an ARM surprising, so it’s important to understand the details of an adjustable-ratemortgage.
Benefits of adjustable-ratemortgages
- Lower initial interest rates
- Down payment of 5%
- Refinance option available
Adjustable-rate mortgage options offered by American Independent Mortgage
- Cash-out Refinance