Mortgage Lending Library

3/1 ARM

Looking to take a sensible approach to your home mortgage? Why not look at a ? An Adjustable Rate Mortgage has a fixed rate for 3 years which is good if you’re budgeting. You need to know exactly what you’re going to be paying over the long term. The great thing about a is the flexibility. After you’ve budgeted for those 3 years, for the 4th year you can relax a little bit as the mortgage rate becomes adjustable. Who says you can’t be flexible and managed at the same time?