How Adjustable Rate Mortgages Work

Your interest rate is fixed for a specific period. After that, your interest rate may change annually depending on the market. That means your monthly mortgage payment can go up or down each year.

A popular option is a 5/1 Adjustable Rate Mortgage, or ARM where your interest rate is fixed for 5 years.

Key Benefits

How You Save with an Adjustable Rate Mortgage

• Your starting interest rate is typically lower than other kinds of loans
• Today’s low interest rate for a 5/1 ARM is UNAVAILABLE% (UNAVAILABLE% APR)
• Monthly mortgage payments are more affordable during the first years
• Down payments can be as low at 5% on a home loan purchase
• Refinance up to 95% of your current home’s value

The Benefits of Getting a Loan from Mortgage Fast

• Complete your application completely online and speak to a real person if you need help.
• Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.
• We service 99% of our mortgages, so our great customer service continues after you close.
• After you close your loan, you can manage your mortgage online without any hidden fees.