5350 DTC Pkwy., Ste. 305, Greenwood Village, CO 80111
phone: 303-320-9767 | fax: 303-320-9766

5350 DTC Pkwy., Ste. 305, Greenwood Village, CO 80111
phone: 303-320-9767 | fax: 303-320-9766

Monday, June 18, 2018
|
  Search

Trade Your ARM for a Fixed Rate

By switching to a fixed rate loan, it is possible to reduce your payment and lock in at an attractive rate for as long as you own your home.

In certain markets, one year ARM programs may offer a tempting introductory rate. Most experts recommend avoiding them because you could easily find yourself facing higher payments in the near future when the introductory rate expires.

Keep in mind, there are certain cases where an ARM makes sense. For example, if you are fairly certain you’ll be moving within five years you may consider a five-year ARM. The first five years is at a fixed rate and will start adjusting annually thereafter. You can save money and avoid rising payments with this type of product.

powered by OpenClose Mortgage Software Copyright 2018 USA HOME MORTGAGE LLC Privacy Statement | Terms Of Use