ARM Loans - Lower your payment the smart way
Channel: Clayton Chaves
Date: 2020-10-22

ARMs are safer. ARMs no longer feature pre-payment penalties, so you can easily refinance. And you'll never have to worry about a big balloon payment.

ARMs are smarter. Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate? Plus, more of your payment goes toward the principal, so you pay down your mortgage faster.

ARMs can save you money. A lower rate can mean a lower payment, which can mean more cash in your pocket each month.

There are several different types of ARMs, each with its own benefits. Let’s go over your options together.