Adjustable Rate (ARM) Mortgages
The Adjustable Rate Mortgage or ARM offer the lowest home loan interest rate available for 5/1 or 7/1 terms. ARMs tend to be best for the financially savvy borrower.
ARM Features
Adjustable Rate Mortgages can significantly reduce the cost of your mortgage by providing the lowest mortgage rate available
May be ideal if you plan to move or refinance in the next 5 or 7 years
While these products are not generally ideal for the first time home buyer they are ideal for the financially savvy borrower looking to purchase an investment property or second home
Remember, after the initial fixed-rate period, the rate of an Adjustable Rate Mortgage (ARM) may change once per year.
ARM Calculator
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Nicole and GMFS have been wonderful! Nicole answered every question I could think of regarding the loan. For a first time home buyer she made sure I understood everything, it made the process so much easier.
Bryan and GMFS made the refinancing process so easy. Not to mention that they cut my interest rate in half along the way.
Best experience I have gotten. These guys are the best and they do help you get into a home.
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