A variable-rate mortgage (ARM) is a type of mortgage with a variable interest rate. The initial interest rate on an ARM is fixed for a set length of time. Following then, the interest rate applied to the outstanding balance is reset regularly, at yearly or even monthly intervals.
Our interests are fixed for the first 5, 7, or 10 years, with a maximum amount of $424,100. Contact us for all the details on caps, margins, and pricing.