ARM Loans

When shopping for a mortgage to buy your dream home, you may run into options like an adjustable-rate mortgage that varies with interest rates as they increase and decrease. If you’re lucky, you can score a great rate in the years to follow, but at the same time, there’s also a significant element of risk involved. At Taras Duhnevich, Home Loan Mortgage Advisor, we can help you decide if ARM loans are the right choice for you. ARM programs are diverse, so borrowers can choose from different options and select the loan program that suits them the best. The types of ARMs include hybrid adjustable-rate mortgages, interest-only adjustable-rate mortgages, and payment-option adjustable-rate mortgages. The main benefit of choosing an adjustable-rate mortgage is the chance you’ll get a lower monthly payment. However, there is a chance that even though you’re paying a lower rate today, you might pay a higher rate tomorrow. At our loan agency in the Kirkland, WA, area, we can help you carefully look through all your options before settling for an adjustable-rate mortgage. We’ll go through all the loans and help you find the right one for your needs.