Adjustable-Rate Mortgages

An adjustable-rate mortgage (ARM) is for homeowners who want to start with the lowest possible rate or who plan to move or refinance in a few years. Here are some other ARM benefits to consider:

1. More affordable monthly payment because the initial rate is almost always lower than a traditional fixed-rate mortgage.
2. Lower initial payments can qualify you for a larger loan amount.
3. Save money during the initial rate period, after which the rate adjusts periodically with market conditions.
4. Rate caps protect you from large payment swings during volatile rate environments.
5. Select from one-, three- or five-year ARM programs.

Contact a Mortgage Originator to find out more.

Questions about an ESL Mortgage? Call an ESL Mortgage Origination Counselor at 585.336.1502 or 800.352.6669. Or submit a request on line and we'll call you back!