Adjustable Rate Mortgage Loan (ARM)
Daylight Discount Mortgage offers Adjustable Rate Mortgage Loans (ARMs) at extremely competitive rates. We are highly experienced in pricing ARMs and matching the right adjustable rate program for the homeowner. Check out our Adjustable Rate Mortgage Calculator to get an idea of the payments for your home mortgage loan.
Adjustable Rate Mortgage Loan Tips
Planning to move within 3 years? Cash in on a lower rate than the standard fixed rate mortgage with our 3/1 ARM (3 years fixed, adjustable every 1 year thereafter). Or carry-over this concept and lock a 1/1 ARM, 2/1 ARM, 5/1 ARM, 7/1 ARM, or even a 10/1 ARM.
Live in an area of high appreciation? An Option ARM could save you thousands of dollars! Just ask one of our loan advisors at 1-877-256-5681 if the Flex Option ARM is right for you.
What is an Adjustable Rate Mortgage Loan (ARM)?
An ARM is a mortgage that has an initial rate that adjusts periodically, in accordance with a current interest rate index (a predetermined margin is added to the index to compute the interest rate). Payments can be low if interest rates are low and will increase as rates rise. Generally, ARMs have lower rates than fixed-rate mortgages and are easier to qualify for. Adjustable Rate Mortgage types include Two-Step and Convertible ARM.
Why choose an Adjustable Rate Mortgage (ARM)?
If you want or need more home than you can qualify for now at a fixed rate, an ARM will give you the option for lower payements up front that will increase over time.
If you know that your income is going to rise soon, but don't have the financial documents that state this increase, an Adjustable Rate Mortgage Loan (ARM) is right for you.
Also, if you are a real estate investor and plan on selling the home quickly, you can save thousands of dollars by going with an ARM.
Adjustable Rate Mortgage Loan (ARM) Overview
- Decrease your monthly payments for the beginning life of the loan.
- Increase profits through increased available cash flow due to the low payments.
- Invest for your future. Real Estate investments with Adjustable Rate Mortgages can save you thousands of dollars.
- Available for primary residence, secondary residence, and investment property.
- Cash Out Refinancing often available.
- Extend your Lock by up to 360 days with minimal adjustments.
- There is a pre-payment penalty, which is usually associated with a lower rate program.
Give Daylight Discount Mortgage a call at 1-877-256-5681 to speak with an mortgage expert who can help you determine if an Adjustable Rate Mortgage Loan is right for you!
or Apply Online Now - It's Quick, It's Easy, It's Free!
Other Adjustable Rate Mortgage Loan Options to Consider
Flex Option ARM (Adjustable Rate Mortgage) with 15 year, 30 year, or 40 year amortization periods.
1 Year Adjustable Rate Mortgage
2 Year Adjustable Rate Mortgage
3 Year Adjustable Rate Mortgage
5 Year Adjustable Rate Mortgage
7 Year Adjustable Rate Mortgage
10 Year Adjustable Rate Mortgage
Convertible ARMs - low fixed rate conversion for first 5 Years (60 Months)
