The interest rate on an Adjustable-Rate Mortgage (ARM) change over time the life of the loan.
The interest rate on the mortgage adjusts with interest rates in the marketplace. Adjustable-Rate Mortgages offer a lower starting interest rate and therefore, a lower monthly payment. But the interest rate and the payment may increase as time goes on. ARMs are beneficial loans for a variety of situations. For home buyers who plan to stay in a home for a few years, can take advantage of the low introductory interest rate and then move out before the interest rate increases. At Hawk Mortgage Group, we’ll find the best rate for your needs. We will advise and consult you on the path that will lead to your goals.
725 N. Hickory Avenue; Suite 200
Bel Air, MD
Office : 443-619-7900