Adjustable rate mortgages (ARMs) are not as popular as fixed rate mortgages but still make up a significant part of the total housing market. The primary advantage of an ARM is that it offers a lower initial interest rate and monthly payment than a 30 year fixed rate mortgage. The lower initial interest rate can be fixed for up to ten years.

During the initial fixed rate period, the interest rate will be lower than what it would have been had the borrower taken out a 30 year fixed rate mortgage. However, after the initial fixed rate period is over, the interest rate most likely will rise at a regular interval based on several factors.

Some borrowers are willing to take the risk of their rate rising considerably because they believe the savings realized in the early years is worth the risk. Some believe that they will be able to refinance before the fixed rate period ends. Interest rates do run in cycles, but the problem is one never knows how long or short the cycles will be.

Why get an adjustable rate mortgage?

  • Save thousands in payments vs. a fixed rate loan during the initial period.

  • Use the savings to pay down other debt or for whatever you like.

  • Great option if you intend to refinance or sell your home in an expected time frame.

  • Put as little as 5% down (FHA 3.5%), or

  • Refinance up to 95% of your home’s value

At Shoreline Mortgage we offer ARM programs with initial fixed rate periods of 5, 7 and 10 years. Visit our specific ARM program pages to see if an ARM program is right for you.

Why talk to one of our Licensed Loan Advisors??

Talking to a Licensed Loan Advisor is an important step to getting the right mortgage loan. Everybody has different loan needs and a mortgage banker knows which questions to ask in order to best match you with the right loan and monthly payment. Since we have a strict No Steering policy, you can be assured that the loan option suggested to you will fit your needs.

Your loan advisor will also explain all the steps–from getting started, to locking in your low rate, to closing your loan fast, in little as 30 days or less!!. Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.

Client Testimonials – What Our Customers are Saying

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This is the second house we've bough with Michael's help and he made it a painless process yet again. He is always on top of all of the paperwork needed to buy a house, it made it so easy on us. He is professional and such a pleasure to work with.

Erin Fromm Plantation, FL June 14, 2015


Here are 3 Great Choices to get you moving in the right direction