Is an adjustable-rate mortgage (ARM) right for you?
Do I Qualify?
Homeowners often choose an adjustable-rate mortgage in Arizona for its lower initial payments. Typically, they refinance when the fixed period ends, transitioning to adjustable-rate mortgage rates or a fixed-rate mortgage. Utilizing a mortgage calculator can help compare current mortgage rates effectively. For Tom, I recommend a fixed-rate mortgage to ensure stable payments over time, especially if he plans to stay in his home long-term, protecting him from fluctuating adjustable-rate mortgage rates.