What types of modifications might be available for an ARM loan (e.g., interest rate reduction, term extension)?

ARM loans have an initial fixed-rate period of five, seven or 10 years and an adjustable rate for the remaining life of the loan. Your monthly payment could ... Adjustable-Rate Mortgage ... Adjustable-rate mortgage loan (ARM Loan) is a term loan option where the interest rate can change periodically after the initial ... While mortgage rates can change from lender to lender, in today's interest rate environment, it may be possible to receive an ARM that's markedly lower than the ... Adjustable Rate Mortgage. An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies ... Jan 23, 2025 ... An adjustable-rate mortgage (ARM) is a mortgage where the interest rate remains fixed for a certain number of years – usually 5 or 7 – and then changes ... Jun 8, 2020 ... ... loan. What is an ARM Loan? Home-buyers with an adjustable-rate mortgage can expect the interest rate to fluctuate over the years. The mortgage ... Apr 12, 2024 ... An adjustable-rate mortgage (ARM), also called a variable-rate mortgage or hybrid ARM, is a home loan with an interest rate that adjusts over ... 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 ... 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, ... ARM refers to a home loan with a variable interest rate. With an ARM, the initial interest rate is fixed for a period of time.