Grow Financial Federal Credit Union

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August 15, 2022

Benefits of Adjustable-Rate Mortgages

Have you heard about adjustable-rate mortgages (ARMs)? Many homebuyers choose an adjustable-rate mortgage to maximize their buying power and keep payments as low as possible for the first few years of the loan.

Adjustable-rate mortgages (ARMs)

With an adjustable-rate mortgage, your interest rate is locked in for a certain period of time, then it adjusts, according to your loan structure and the state of the market. ARMs are offered in a variety of term options designed for different situations. ARMs might be the best mortgage choice if you:

  • Want to maximize your buying power.
  • Want to keep your payments lower during the first few years of your loan.
  • Plan to move into a different home within the next 5-10 years.
  • Plan to pay off your mortgage within the next 5-10 years.
  • Expect your income to increase significantly in the next several years.

We offer a few different adjustable-rate mortgages to fit your needs, whether you’re looking to focus on the lowest initial payment or maybe you want a mix of predictability and low rates. Talk with any of our Real Estate Loan Officers about your unique situation, and we’ll help find a mortgage that is right for you.

To find out more about a home loan through Grow, contact us below.

Contact Us to Learn More

Subject to credit approval.
Grow Financial mortgage loans are valid for the purchase or refinance of owner-occupied residential properties in the states of Florida, South Carolina, North Carolina, Georgia and Tennessee including single-family detached, condominiums and townhomes. Not valid for the purchase of investment properties. Grow Financial mortgage loan rates are updated daily and available at growfinancial.org.


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