Most adjustable rate mortgages (ARMs) offer low introductory interest rates during the fixed-rate phase.
If you plan to own your new home for just a few years and want to pay down your principal faster, an ARM could be right for you.
Here’s what you’ll need to get started
A credit score of 620 or higher for ARM loans.
You’ll need a debt-to-income ratio of 50% or lower.
ARM Loan Benefits
Low Introductory Interest Rates
Most ARMs start with a lower introductory interest rate that stays the same during a fixed-rate period.
Lower Monthly Payments
Lower introductory rates typically mean lower monthly payments during the fixed-rate period.
More Payment Against Principal
You can pay extra toward your mortgage’s principal balance to build equity faster – and reduce the amount of interest you’ll owe later.
Refinance Options
With an ARM, you have the option to refinance to a fixed-rate mortgage.
If you are ready to start your adjustable rate mortgage application and get approved, Click Here
If you have any questions, do not hesitate to call or text us at 480-452-5282
Monday - Saturday - 8:00am - 8:00pm
Sorry, Sunday is family funday :)
The Miller Team
Pre-Qualify For a Loan In a Few Simple Steps
Get StartedGet Pre-Approved
Apply NowCredit 101
Learn How To Maximize Your Score