Adjustable Rate Mortgages, ARMs, typically allow you to lock in a lower introductory rate for a set period of time, after which your rate will adjust based on market conditions. Since you don’t know where the market will go after your initial introductory period, there is a bit of risk involved in going with an ARM. There are certain scenarios that could make you an ideal candidate for an ARM.
We are based in Clayton, NC, and frequently help clients in Raleigh, Charlotte, Wilmington, Greensboro, and throughout the beautiful state of North Carolina. We are committed to helping North Carolina residents buy their dream home. For more information on conventional loans, or to apply for a loan, contact Rob Yo The Mortgage Pro at (919) 322-8201 or fill out the form on this page.