Adjustable rate mortgage offer home buyers lower initial interest rates that periodically adjust according to the rate index.

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Summary:

An Adjustable Rate Mortgage (ARM) loan provides you with a lower initial interest rate and monthly payment. The interest rate will be fixed for an initial period of time and then changes according the rate index annually for the remainder of the loan. Talk to one of our loan specialists at Sterling Bank to find out if an ARM loan is right for you.