An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time, after which it resets periodically, often every year or even monthly.
With the rapid increase in property values in many regions, it might be a good time to consider refinancing your home loan. Realty Mortgage offers a variety of mortgage refinancing rates and options. We can advise you on which mortgage refinancing program meet your needs and help you refinance today.