Adjustable Rate Mortgage - RWM Home Loans
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Adjustable Rate Mortgage

Adjustable Rate Mortgage San Diego

Are you unsure about the volatility of an Adjustable Rate Mortgage (ARM)? RWM is here to help explain the benefits of an ARM product. You may consider this loan option for a purchase or refinance transaction, and payments may be fully amortized or interest only.

What is an Adjustable Rate Mortgage?

The most common adjustable rate mortgages (ARM) are fixed for an initial term of either 3, 5, 7, or 10 years. At the end of the initial fixed period the rate and payment will adjust to the index, plus a margin. Every ARM product has different indexes, margins, and caps which limit how much your rate can go up or down at any adjustment. Typically, ARMs adjust annually, but be sure to ask your mortgage professional to verify the specific terms of your ARM. Most are amortized over 30 years, so the payments are attractive.

What are the benefits of an Adjustable Rate Mortgage?

  • ARMs typically have lower interest rates than fixed rate mortgages.

  • ARMs may have lower monthly payments than fixed rate mortgages.

  • ARMs are terrific short term solutions for borrowers holding a property less than 10 years.

  • Your monthly loan payment will decrease if interest rates fall in the future.




Call us today at 800-865-6266 to see if you qualify or submit a contact form.


As always, we will take the time to educate you on the pros and cons of this loan product to make sure it suits your needs. RWM is a direct lender and consistently delivers timely service, with the utmost professionalism to make your loan process as transparent and smooth as possible. 

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