An ARM is an adjustable-rate Rate Mortgage. Unlike fixed-rate mortgages, that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM changes periodically. The initial interest rate of an ARM is typically lower than that of a fixed-rate mortgage. Consequently, an ARM might be a good option if you plan to own your home for only a few years, expect an increase in future earnings, or find that the prevailing interest rate for a fixed mortgage is too high.

At High Country Mortgage, we make the mortgage process easier with our tools and expertise, starting with our FREE Adjustable Rate Mortgage Qualifier. We'll guide you through the journey, helping you understand the differences between loan programs so you can choose the one that best fits your needs, whether you're a first-time homebuyer or a seasoned investor.

Do I qualify?

Most homeowners get adjustable-rate mortgages for the lower initial payment and then usually refinance the loan when the fixed period ends. At that time, the interest rate becomes variable or adjustable, and the homeowner would likely refinance into another ARM, something fixed, or sell the home outright.