Adjustable Rate Mortgage (ARM).  An Adjustable Rate Mortgage (ARM) begins with an interest rate and monthly payment below that required of a fixed rate mortgage.  The beginning rate remains fixed for some initial period and then adjusts according to market conditions.  Adjustable Rate Mortgages (ARMs) contain a lifetime cap which places a ceiling on how high the mortgage interest rate can go.  Adjustable Rate Mortgages (ARMs) have become increasingly popular in the Utah home loan market and nationwide.  The lower initial rate translates into lower monthly payments, allowing you to afford a bigger home or allowing you to save home loan payments and invest in other ways.  If you plan to move before the fixed-rate period ends or if you finance at a time when interest rates are high or if you want to invest potential savings in other ways, this option may make sense for you.

Complete and submit the Utah Home Loan Network contact form on this page to learn more and discover the best loan option for you.

For reasons to get your Adjustable Rate Mortgage (ARM) or other loan or mortgage through the Utah Home Loan Network, visit the Utah Home Loan Network home page.  There you’ll see:

• There’s no cost or obligation
• How our program works
• Why you should use us
• 6 benefits of using us

Either submit the contact form on this page to find your best loan option or visit the Utah Home Loan Network home page for more information.