06/03/2026
Mortgage Term of the Day:
Let’s break down the Adjustable Rate Mortgage (ARM)!
An ARM starts with a fixed interest rate for a set period, then adjusts periodically based on market rates.
🔹 Lower initial rate than fixed mortgages
🔹 Rate can go up or down after fixed period
🔹 Great if you plan to sell or refinance before adjustments
Understanding your mortgage options helps you make smarter homebuying decisions! 🏡💡