If you’ve worked hard on building a great credit score, it’s a good idea to consider an Adjustable Rate Mortgage (ARM). Today's ARM options offer several benefits for homebuyers, including a lower initial interest rate than a traditional mortgage.
Before you choose an Adjustable Rate Mortgage, make sure you understand how they work.
The home loan experts at Alaska USA Mortgage Company will help you decide whether an Adjustable Rate Mortgage is right for you. To find out more request an appointment today!
The index that is used to determine the adjustable part of an Adjustable Rate Mortgage’s interest rate is based on market factors. Popular mortgage indices include the London Interbank Offered Rates (LIBOR) and the MTA (Monthly Treasury Average).
About 6% of all mortgages are structured as Adjustable Rate Mortgages.
A mortgage is typically the single largest investment for anyone. Choosing the right professional to guide you through the process is key, and so is local knowledge. When you team up with us, you team up with in-house processors, underwriters, and closers right in your neighborhood.
Understanding the dynamics of the mortgage industry is just as key too. Alaska USA Mortgage Company home loan experts are equipped with the tools that enable them to have the latest information at the click of a button so they can quickly put it to work for you.
Every client is unique, and Alaska USA Mortgage Company strives to help clients through the maze of home financing. We listen to your needs, understand your bottom line, and provide you with the best mortgage for your unique circumstances.
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