- Stonebriar Mortgage, a Mortgage Lender based in Lakewood, Dallas Texas offers the following Adjustable Rate Mortgages: 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM, 1 year ARM, 6 month ARM, 1 month ARM
An Adjustable Rate Mortgage (ARM) is a Mortgage Loan with a Lower Interest Rate than most Fixed Rate Loans. Interest Rates on the note adjusts based on a variety of indexes. The most common used are the constant-maturity Treasury (CMT) securities, and the London Interbank Offered Rate (LIBOR).
At the end of the fixed period of the Adjustable Rate Mortgage, the Interest Rate can increase up or down depending on the index at that time. These ARM Rates are advantageous to those Home Owners who feel they may move within the ARM period or pay of their Home Loan in a shorter period of time.
Advantages of the Adjustable Rate Mortgage
Lower initial Monthly Payment. Rates and Payments may go down if Mortgage Rates Drop. Lower Payments for the Fixed Rate Period
Please feel free to contact Stonebriar Mortgage for more information regarding Adjustable Rate Mortgages, Payments and our No Closing Cost Loan Option