Adjustable rate mortgages can be good here are some reasons why

Adjustable Rate Mortgages can offer a borrower a wide variety of benefits when compared to traditional fixed rate mortgages, including:

• ARMs can offer initial lower rates • ARMs can offer initial lower payments • ARMs can be an excellent choice when short term rates are low and the 10-year bond and treasury yields are high • ARM products allow you to offer your customer some of the lowest rates today and establish a relationship for future assistance, especially if rates decline • 1 year LIBOR at historically low rates • 1 year LIBOR has only fluctuated 26 bps in the last 3 years • ARMs may be beneficial for first-time home buyers who plan to sell within a few years • ARMs may be great for borrowers who have short-term housing needs • ARMs can be beneficial for borrowers whose income may go up in the future See our Current Rate Sheet for full details, state restrictions may apply