Whether you are thinking about purchasing a new home or refinancing your current house, an Adjustable-Rate Mortgage (ARM) can be a cost-effective choice. For many of our borrowers, adjustable-rate home loan options offer them the lowest interest rate available, potentially saving them thousands in the initial term of the loan.GET A QUICK QUOTE
Are you looking for the lowest interest rate available offering the flexibility your budget requires? Are you looking to be in a home for only a handful of years (typically 5-7), or maybe upgrading your home in the near future? If you answered yes to any of these questions, an adjustable-rate mortgage option might be best for you.
ARM loans are not locked into one interest rate, making it a flexible option to reduce the cost of your mortgage. After a certain number of years, in which the initial interest rate remains fixed, your interest rate will shift based on the market. At that time your monthly payment may increase or decrease. Interest rate caps are put in place so that your rate can only increase to a specified amount above your initial fixed rate.
At Lenox/WesLend Financial, we offer adjustable-rate home loan options because we know our clients’ needs vary. ARM loans offer both homeowners and homebuyers a payment that remains fixed for a period before the adjustment period begins. During this fixed-rate period your mortgage payment will remain the same each month. Our professional mortgage advisors can help you decide on an adjustable plan that is tailored to your financial situation. This means reduced costs you are comfortable with and a quick and simplified mortgage process!
Apply with Lenox/WesLend at today’s low interest rates! We want to be the lender you go to for all your mortgage needs. Take advantage of low-cost options, low mortgage rates, personalized customer service and achieve your homeownership goals, whatever they may be.