Are you familiar with the concept of an Adjustable Rate Mortgage (ARM)?
An Adjustable Rate Mortgage (ARM) is a house loan with an interest rate that can fluctuate periodically, usually after an initial fixed-rate term.
People who are comfortable with initial lower interest rates, intend to move or refinance within some years, change to a fixed-rate mortgage, or contemplate the sale of their house may choose an ARM.
ARM is also good for those expecting greater future income.
Wave Lending Group is a local mortgage broker that provides competitive adjustable rates and a quick, hassle-free process for residents in and around Bonney Lake.
Whether you're looking for reduced initial rates or a shorter-term financing solution, we provide adjustable rate mortgages tailored to your needs, making homeownership more accessible and cost-effective.
If you want to know more about ARM, complete our simple Adjustable Rate Mortgage Qualifier form to get access to various loan options, compare the unique mortgage interest rates, and pick the most suitable option for you.
For more information, our team is more than happy to help you throughout the process, so contact us today!
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