What is the break-even point for choosing an ARM versus a fixed-rate mortgage?

This disclosure describes the features of the Adjustable Rate Mortgage (ARM) Program you are considering. Information on other ARM programs is available on ... ARM loans are a great way to make sure you pay the least amount of interest on your loan during the fixed-rate period of the loan. Unlike a conventional fixed rate mortgage loan, an ARM has a period in which the initial interest rate is a fixed, lower percentage. Once this period ends, ... Features of SECU ARM Loans. Finding and applying for a mortgage loan is a life-changing financial decision. No matter what stage of life you're in, SECU has ... Sep 7, 2024 ... Pros · Lower introductory rate. You'll start with a lower interest rate than with a fixed-rate mortgage. · Your mortgage payment could decrease. What is an Adjustable-Rate Mortgage (ARM) Loan? ... An adjustable-rate mortgage (ARM) — sometimes referred to as a “variable rate mortgage” —offers the ... ARM stands for: Adjustable Rate Mortgage and this mostly explains itself: these are home loans in which the mortgage rate changes periodically according to the ... Oct 14, 2020 ... NAFCU receives many questions about advertisements and trigger terms in the context of closed-end mortgage loans. Dec 22, 2023 ... A 5/1 ARM is an adjustable-rate mortgage with an interest rate that is fixed for the first 5 years, then adjusts once every year for the rest of ... An adjustable-rate mortgage (ARM) is a loan with a fluctuating interest rate that aligns with broader financial market trends. ARM loans you'll encounter today ...