Adjustable-Rate Mortgages (ARM) are Available!

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Is an adjustable-rate mortgage (ARM) right for you?


What is an ARM?

An Adjustable-Rate Mortgage, or ARM, is a variable rate mortgage. While the interest rate on a fixed mortgage is set for the life of the loan, an ARM has a fixed interest rate for a given number of years and then adjusts once annually for a remaining time period. For example, a 10/1 ARM has a set interest rate for 10 years and can thereafter change once a year for 20 years.

With low initial interest rates and upfront savings, ARM loans are a popular option for many borrowers. These include those who are purchasing their first home and plan on moving before the loan adjusts or refinancing the loan within the fixed-rate window.

Adjustable-Rate Mortgage terms and conditions are often complicated and can be difficult to understand, but the loan experts at Global Equity Finance can make it easier to decide whether an ARM is the right choice for you.

Benefits of an ARM

  • Lower Initial Payments​
  • Flexibility
  • Adjustment Caps
  • Potential Smaller Payments

ARM Options

  • 10/1 ARM​
  • 7/1 ARM
  • 5/1 ARM
  • 3/1 ARM

Benefits of an ARM


Lower Initial Payments

Lower Initial Payments​

Compared to a fixed rate mortgage, an ARM affords you considerable savings due to lower interest rates during the initial fixed period.



If you plan on moving, selling your home or refinancing your mortgage within the initial fixed period, an ARM can offer significant savings.

Adjustment Caps

Adjustment Caps​

Interest rate and payment changes on an ARM are limited once the fixed period ends, meaning you will be able to budget for the years to come.

Potential Smaller Payments

Potential Smaller Payments

Should prevailing interest rates fall and drive down the index that determines the adjustment on your ARM, you could find yourself making smaller monthly payments.

A Message From Global Equity Finance

“Modern Adjustable Rate Mortgage are a vast improvement over older, comparable loans. They can deliver big savings with little to no risk.”


Roy Koldaro

NMLS# 1241846
VP of Lending

ARM Options

10/1 ARM

Fixed interest rate for 10 years then annual adjustment for 20 years

7/1 ARM

Fixed interest rate for 7 years then annual adjustment for 23 years

5/1 ARM

Fixed interest rate for 5 years then annual adjustment for 25 years

3/1 ARM

Fixed interest rate for 3 years then annual adjustment for 27 years

ARM Qualifications

Credit preapproval: Getting preapproved for a loan has several benefits that make buying a home quicker and easier. The process will save you time as it helps you immediately identify which loans fit your budget. It can also shorten the closing process, which means your loan can get funded sooner. Lastly, preapproval can improve your credibility with lenders, letting them know upfront how qualified you are for a mortgage.

Down payment: Down payments for an ARM are typically the same as other traditional loans with a required minimum of 5%.

Maximum loan amount: The current maximum loan amount for a conforming ARM is $424,100. This amount may vary by region, but for loans above this amount (a non-conforming ARM), there are different requirements.

Loan program

Get Your Adjustable-Rate Mortgage Quote Now!