Under what circumstances would an adjustable rate mortgage (ARM) be a better choice than a fixed-rate loan?
If you expect to stay in your home for a short period of time (3 to 7 years), an ARM may be a good choice. You can potentially save a significant amount in payments because ARMs usually have a lower initial interest rate. ARMs have the potential to rise, however, after an initial fixed period. Consult with a Mortgage Specialist for more information.
