Many people have purchased or refinanced their dream home with an adjustable-rate mortgage (ARM). ARM loans start off with a lower interest rate for a fixed amount of time which results in a lower, more comfortable monthly payment. However, after the fixed period, the rate changes based upon the market. As the market goes up, so will your payment. Depending on the program, your payment could increase several times in one year, and depending on the terms, your payment could end up being double the amount!

With rates still at all time lows, converting your ARM to a fixed rate mortgage could improve your financial position, especially over the long haul. Contact one of our Mortgage professionals today and let us analyze your situation and present options that will make a difference.