Adjustable Rate Mortgage 

Unlike the stability of fixed-rate loans, adjustable-rate mortgages (ARMs) have fluctuating interest rates that can go up or down with market conditions. Many ARM products have a fixed interest rate for a few years before the loan resets to a variable interest rate for the remainder of the term. With Secure One Capital, we look for an ARM that caps how much your interest rate or monthly mortgage rate can increase so you don’t wind up in financial trouble when the loan resets. Give us a call today at (949) 337-4700 to learn more about this option!
FHA Mortgage Loan — Adjustable Rate Mortgage Document in Costa Mesa, CA

Pros of Adjustable Rate Mortgages

  • You’ll enjoy a lower fixed rate in the first few years of home ownership.
  • You’ll save a substantial amount of money on interest payments.

Cons of Adjustable Rate Mortgages

  • Your monthly mortgage payments could become unaffordable, resulting in a loan default.
  • Home values may fall in a few years, making it harder to refinance or sell your home before the loan resets.

Who Should Get One?

You must be comfortable with a certain level of risk before getting an ARM. If you don’t plan to stay in your home beyond a few years, an ARM could save you big on interest payments. Contact Secure One Capital today at (949) 337-4700 to get started today!