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​Adjustable-Rate Mortgage

An adjustable-rate mortgage (ARM) is a loan term option with interest rates that can change periodically after the initial fixed-rate period. After this introductory period, monthly payments are susceptible to increases or decreases based on market fluctuations, which can also affect the monthly payment

Adjustable-Rate Mortgage Highlights

An ARM might be the right option for you if you plan on moving within 7 years since they feature lower introductory interest rates. If interest rates are expected to fall, a homeowner could potentially reduce their monthly payments with the lowered interest rates. Highlights of an adjustable-rate mortgage include:
  • Lower initial monthly payments
  • Possibility to qualify for higher loan amounts
  • Rates and Payments may decrease based on the index rate

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77564 Country Club Drive #222B  Palm Desert, CA 92211
  Ph: 760.660.4696

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​Mike Chapa NMLS #259004 - Email
Bidi Gonzalez NMLS #277063 - Email

Complaints may be directed to: (877) 699-0353 or by Email

​Licensed by the Department of Business Oversight under the California Finance Lenders Law. Loans made or arranged pursuant to a California Finance Lenders Law License.  FIMC NMLS #2289

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© 2018 Fairway Independent Mortgage Corporation
NMLS #259004
78370 Hwy 111 #200  La Quinta, CA 92253  760.660.4696
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  • Home
  • About Us
  • Testimonials
  • Our team
  • Loan Programs
    • Adjustable-Rate Mortgage
    • Conventional Loans
    • FHA Loans
    • Fixed-Rate Mortgage
    • Renovation Loans
    • Reverse Mortgages
    • USDA Loans
    • VA Loans
    • Officer Connection Program
    • Teacher Appreciation Program
  • Contact us
Website by BSocial Media Management