Inspire Home Loans

Adjustable-Rate Mortgages Your Guide To An Adjustable-Rate Mortgage (ARM) is a flexible home loan option that often starts with a lower interest rate, helping buyers get into a home sooner. There are several types of ARM products, such as 5/1 FHA or VA and 7/6 Conventional ARM loans. These loans are broken up in two phases: a fixed-rate period followed by an adjustable period where the rate can go up or down based on market trends. For many homebuyers, this type of loan offers lower initial payments and the flexibility to adjust your plans in the future. Let’s take a closer look at the key benefits of an ARM loan: Affordability Thanks to a lower introductory rate, an ARM loan can help you save on monthly payments during the early years of your mortgage. Financial Flexibility Life happens and plans change. An ARM loan gives you the flexibility to change with them —whether you need to move, refinance, or simply want more options down the road. Getting in the door With lower initial rates, an ARM loan makes homeownership more accessible, helping you get in the door without stretching your budget.

An ARM loan can be a great fit if you plan to move or refinance before the fixed-rate period ends. If you’re planning to settle into your new home for the long term, a fixed-rate loan might be the better option for stability and predictable payments year after year. Contact our team today to explore your options and learn which loan option is right for you!

SCAN ME

SCAN ME

Persons in photos do not reflect racial preference and housing is open to all without regard to race, color, religion, sex, handicap, familial status or national origin. Inspire Home Loans® Inc. NMLS# 1564276, 4695 MacArthur Court, Suite 350, Newport Beach, CA 92660. www.inspirehomeloans.com. Licensed in AL, AZ, CO, FL, GA, IN, KY, LA, MI, NC, OH, SC, TN, TX, UT and by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, Nevada Mortgage Company Licensee # 4845, 10655 Park Run Drive, Suite 140, Las Vegas, NV 89144. Telephone 702-605-1504; in Washington d/b/a Inspire Home Mortgage under WA license # CL-1564276. Additional license information available at NMLS Consumer Access: www.nmlsconsumeraccess.org.