An Adjustable Rate Mortgage (ARM) is ideal if you are looking for lower monthly payments initially. After the initial loan period, your rates can adjust based on a number of factors. An ARM is best suited for borrowers who plan to own their home for a short period of time or have a significantly larger income in the future.

Even if you already have an adjustable rate mortgage, there may be an opportunity to refinance your ARM loan for a better rate.

• Available in 3/1, 5/1, and 7/1 terms
• Lower monthly payments
• Online tax statements
• Make payments over the phone or online

Mortgage Refinance Calculator-ARM
View payment terms and options 

ARM= Adjustable Rate Mortgage
ARM rate adjustments are determined by an index and margin, the index of which is variable and therefore unknown for future payments.
Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. Rates and points vary widely for loan amounts above $647,200** (see below), and/or for investment property loans.
**Jumbo rates are for loan amounts exceeding $647,200 ($970,800 in Alaska, Hawaii, Guam and the U.S. Virgin Islands). For properties in New York, add .250 loan origination fee.
Taxes and insurance not included, therefore the actual payment obligation will be greater. Your actual rate may be higher depending upon your creditworthiness.