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An ARM is a type of home loan with a variable interest rate. After an initial fixed rate period, rates may adjust over time in line with the housing market. An adjustable-rate mortgage is a home loan with a variable rate and payment. ARM loans start with an initial interest rate that is typically lower. Feb 27, 2024 ... An adjustable-rate mortgage (ARM) could allow you to purchase your home at a lower rate now and let you take advantage of potential interest rate reductions in ... Apply for an Adjustable-Rate Mortgage from West Shore Bank! West Shore Bank's mortgage lenders are based in your Northern Michigan and West Michigan communities ... Hybrid ARM Loans. A 30 year Mortgage Loan, comprised of an initial term where interest accrues at a fixed rate, after which it automatically converts to accrue ... Jul 16, 2024 ... An Adjustable Rate Mortgage (ARM) is a home loan featuring a variable rate, low down payment, no private Mortgage insurance and loan terms up to 30 years. Feb 26, 2024 ... Adjustable-rate mortgages are home loans with interest rates that after the fixed term can go up or down over time depending on the interest rate market. An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate ... When you and your mortgage lender discuss adjustable-rate mortgages (ARMs), you receive a copy of this booklet. When you apply for an. ARM loan, you receive ... Adjustable Rate Mortgages · Ideal if you plan to stay in your home for less than ten years · Enjoy a low fixed interest rate and monthly payments for a 5, 7, or ...